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​Exhibit 7-8 -Refer to Exhibit 7-8. When the Price Rises from P1

Question 25

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​Exhibit 7-8 ​Exhibit 7-8 -Refer to Exhibit 7-8. When the price rises from P<sub>1</sub> to P<sub>2</sub>, producer surplus: A) ​increases by area A + B B) ​increases by area B C) ​increases by area A D) ​decreases by area A + B + C
-Refer to Exhibit 7-8. When the price rises from P1 to P2, producer surplus:


A) ​increases by area A + B
B) ​increases by area B
C) ​increases by area A
D) ​decreases by area A + B + C

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