An increase in equilibrium price, equilibrium quantity, and producer surplus could be the result of (4 points)

a decrease in supply

an increase in supply

a decrease in demand

an increase in demand

an increase in both supply and demand

2.

(02.07 LC)

Use the graph to answer the question below. (4 points)

2. (02.07 LC) Use the graph to answer the question below. (4 points) Supply A Pa - - - - - - B E P, - - - L - - Price C F - . D Demand - - - Q2 Quantity (units) What will be the quantity demanded if the price is set at P, ?Use the graph to answer the question below. [4 points} Quantity (units) which of the following would lead to a market surplus? Use the graph to answer the question below. [4 points} Quantity (units) If the price goes from P2 to P1, ceteris paribus, what area represents the lost producer surplus