6. Consider the market for electricity. Suppose that the price of producing energy decreases due to lower fossil fuel costs and the increasing availability of affordable renewable energy.

a. How does the decrease in electricity production costs affect total net social welfare? Use

b. graph to support your answer and indicate the area that represents the ange in social welfare.

c. Can we clearly say what happens to consumer surplus as a result of the decrease in energy production costs? Use a graph to support your answer.