Figure 7-5 300 S' 250 200 PRICE 150 100 bu 25 50 75 100 125 150 QUANTITY Refer to Figure 7-5. 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? O a. $5,625 O b. $625 O c. $3,125 O d. $2,500 - Icon KeyTable 10-3 Quantity Private Value Private Cost External Benefit (Units) (Dollars) (Dollars) (Dollars) 1 22 12 10 2 20 15 10 3 18 18 10 4 16 21 10 5 14 24 10 6 12 27 10 Refer to Table 10-3. Taking into account private and external benefits, the total surplus to society at the socially efficient quantity is O a. $18. O b. $43. O c. $50. O d. $38 Our Icon Key