Price 300 275 250 225 200 - 175 150 125 100 75- 50 - 25 25 30 75 100 125 150 175 200 Ority Refer to Figure 7-11. If the supply curve is Sand the demand curve shifts from D to D', what is the increase in producer surplus to existing producers? $2,500 $5,625 $3,125 $625

Price 300 275 250 225 200 - 175 150 125 100 75- 50 - 25 25 30 75 100 125 150 175 200 Ority Refer to Figure 7-11. If the supply curve is Sand the demand curve shifts from D to D', what is the increase in producer surplus to existing producers? $2,500 $5,625 $3,125 $625

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Figure 7-11
300
275
250
225
200+ -..
175
150+ .
125+
100
75+
50
25
25 30 75 100 125 150 175 200 it
Refer to Figure 7-11. If the supply curve is S and the demand curve shifts from D to D, what is the increase in
producer surplus to existing producers?
$2,500
$5,625
$3,125
$625

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