Multiple Choice
Use the following to answer question: 
-(Table: Pumpkin Market) There are two consumers,Andy and Ben,in the market for pumpkins.Their willingness to pay for each pumpkin is shown in the table Pumpkin Market.There are two producers of pumpkins,Cindy and Diane,and their costs are also shown.The equilibrium price for pumpkins is $8 and the equilibrium quantity is 5.If Cindy sells one more pumpkin and Diane sells one fewer pumpkin than in equilibrium,total surplus will _____ by _____.
A) increase;$16
B) increase;$14
C) decrease;$4
D) decrease;$2
Correct Answer:
Verified
Correct Answer:
Verified
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