Figure 7-17 -Refer to Figure 7-17.If the Demand Curve Is D and Is

question 58

Multiple Choice

Figure 7-17
-Refer to Figure 7-17.If the demand curve is D and the supply curve shifts left from S to S',what is the change in producer surplus when comparing the new equilibrium with the original equilibrium?

• A)Producer surplus increases by $225.
• B)Producer surplus increases by $675.
• C)Producer surplus decreases by $225.
• D)Producer surplus decreases by $675.

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