
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Transcribed Image Text:Figure 7-11
300
275
250
225
200
175
150
125
100
75
50
25
Price
D
S
D'
25 50 75 100 125 150 175 200 Quantity

Transcribed Image Text:58. 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 due to new producers entering the market?
a. $625
b. $2,500
c. $3,125
d. $5,625
me tell is charged a driver
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