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Question 29

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Use the following to answer questions:
Figure: Consumer and Producer Surplus Use the following to answer questions: Figure: Consumer and Producer Surplus   -(Figure: Consumer and Producer Surplus)  Look at the figure Consumer and Producer Surplus. If the price is held above equilibrium, consumer surplus _____ and total surplus _____. A)  increases; decreases B)  decreases; stays the same C)  increases; stays the same D)  decreases; decreases
-(Figure: Consumer and Producer Surplus) Look at the figure Consumer and Producer Surplus. If the price is held above equilibrium, consumer surplus _____ and total surplus _____.


A) increases; decreases
B) decreases; stays the same
C) increases; stays the same
D) decreases; decreases

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