According to the Graph Shown, If the Market Goes from Equilibrium

question 109

Multiple Choice

According to the graph shown, if the market goes from equilibrium to having its price set at $10 then:

• A) $12 gets transferred from consumer to producer in surplus.
• B) $12 gets transferred from producer to consumer in surplus.
• C) all consumer surplus lost is gained by producers.
• D) all producer surplus lost is gained by consumers.

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