Multiple Choice
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
Correct Answer:

Verified
Correct Answer:
Verified
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