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Question 114

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Use the following to answer question: Use the following to answer question: -(Table: Pumpkin Market) There are two consumers,Andy and Ben,in the market for pumpkins.Their willingness to pay for each pumpkin is shown in the table Pumpkin Market.There are two producers of pumpkins,Cindy and Diane,and their costs are also shown.The equilibrium price for pumpkins is $8 and the equilibrium quantity is 5.If Andy consumes one more pumpkin and Ben consumes one fewer pumpkin than in equilibrium,total surplus will _____ by _____. A) increase;$17 B) increase;$15 C) decrease;$8 D) decrease;$3
-(Table: Pumpkin Market) There are two consumers,Andy and Ben,in the market for pumpkins.Their willingness to pay for each pumpkin is shown in the table Pumpkin Market.There are two producers of pumpkins,Cindy and Diane,and their costs are also shown.The equilibrium price for pumpkins is $8 and the equilibrium quantity is 5.If Andy consumes one more pumpkin and Ben consumes one fewer pumpkin than in equilibrium,total surplus will _____ by _____.


A) increase;$17
B) increase;$15
C) decrease;$8
D) decrease;$3

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