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

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Chapter1: Making Economics Decisions
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Figure 7-11
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D
S
D'
25 50 75 100 125 150 175 200 Quantity
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
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
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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