Figure 7-13 -Refer to Figure 7-13.If the Equilibrium Price Rises from $60

question 49

Multiple Choice

Figure 7-13
-Refer to Figure 7-13.If the equilibrium price rises from $60 to $120,what is the producer surplus to new producers in the market?

• A)$1,200
• B)$2,400
• C)$3,600
• D)$4,800

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