Refer to Scenario 13

Multiple Choice

Refer to Scenario 13.1. If your negotiated price had been $350 instead of $250, the sum of consumer surplus and producer surplus would be:

A) less than what would have accrued at the $250 price.
B) the same as what would have accrued at the $250 price.
C) more than what would have accrued at the $250 price.
D) None of the above is necessarily correct.