Figure I Price (S/pound) $20 18- 16- 14- 12- 10- D 0 6 7 8 9 10 11 Quantity (1,000s of pounds) 3. Refer to
Figure I Price (S/pound) $20 18- 16- 14- 12- 10- D 0 6 7 8 9 10 11 Quantity (1,000s of pounds) 3. Refer to Figure / above. The increase in demand caused consumer surplus to change from to a. $12,000; $27,000 b. $8.000; $12.000 C. $4,000: $9,000 d. $715; $850 c. None of the above
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