Figure 7-16 -Refer to Figure 7-16.For Quantities Less Than M,the Value to Than

Multiple Choice

Figure 7-16

-Refer to Figure 7-16.For quantities less than M,the value to the marginal buyer is

A) greater than the cost to the marginal seller, so increasing the quantity increases total surplus.
B) less than the cost to the marginal seller, so increasing the quantity increases total surplus.
C) greater than the cost to the marginal seller, so decreasing the quantity increases total surplus.
D) less than the cost to the marginal seller, so decreasing the quantity increases total surplus.