5. Consumer and Producer Surplus; Price Ceilings and Price Floors
Producer Surplus and Willingness to Sell
Multiple Choice
Multiple ChoiceUse the graph for funky-fresh rhymes above. If a shift in demand causes equilibrium price to increase from $3,000 to $5,000 per funky-fresh rhyme, what is the change to producer surplus?
A
$2,250,000 increase
B
$2,250,000 decrease
C
$1,312,500 increase
D
$1,312,500 decrease
162
views
2
rank
Related Videos
Related Practice
Showing 1 of 25 videos