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Assuming the Market Is in Equilibrium in the Graph Shown

Question 103

Multiple Choice

Assuming the market is in equilibrium in the graph shown with demand D and supply S<sub>1</sub>,total surplus is: A) greater than total surplus when market is in equilibrium at D and S<sub>2</sub>. B) less than total surplus when market is in equilibrium at D and S<sub>2</sub>. C) the same as total surplus when market is in equilibrium at D and S<sub>2</sub>. D) zero. Assuming the market is in equilibrium in the graph shown with demand D and supply S1,total surplus is:


A) greater than total surplus when market is in equilibrium at D and S2.
B) less than total surplus when market is in equilibrium at D and S2.
C) the same as total surplus when market is in equilibrium at D and S2.
D) zero.

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