Multiple Choice
(Figure: Market in Equilibrium) The market in the figure is at equilibrium. If the price rises to $5, what happens to consumer surplus, producer surplus, and total surplus? 
A) Consumer surplus increases, producer surplus decreases, and total surplus may increase or decrease.
B) Consumer surplus decreases, producer surplus increases, and total surplus decreases.
C) Consumer surplus decreases, producer surplus increases, and total surplus increases.
D) Consumer surplus increases, producer surplus decreases, and total surplus decreases.
Correct Answer:
Verified
Correct Answer:
Verified
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