A-LevelEconomicsThe price system and the microeconomy9708/12 · Oct/Nov 2024 · Q101 Mark
The diagram shows a shift of the supply curve in a market from S₁ to S2. [Figure 10.1] How will the consumer surplus and producer surplus change?
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Aconsumer surplus: decreases by s, producer surplus: increases by s + u - t
Bconsumer surplus: decreases by s, producer surplus: increases by u + v - w
Cconsumer surplus: decreases by s + t, producer surplus: increases by s + t - v
Dconsumer surplus: decreases by s + t, producer surplus: increases by s + z - v
✓ Correct answer
D: consumer surplus: decreases by s + t, producer surplus: increases by s + z - v
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