Market for Widgets $32 $28 B A $24 $20 $16 $12 $8 $4 0 2 4 6 8 10 12 14 If the supply curve is A for widgets then the total surplus for widgets is v [ Select ] ' $96 $36 $144 ' to B then total surplus goes =~ [Select] $72 If the supply curve shifts from A to B then consumer surplus [ Select] Which of the following is true about the equilibrium with supply curve A versus supply curve B? [Select] v What could explain a shift from supply curve A to B? [ Select] 4 Market for Widgets $32 $28 B A $24 $20 $16 $12 $8 $4 $0 0 2 4 6 8 10 12 14 If the supply curve is A for widgets then the total surplus for widgets is [ Select ] v If the supply curve shifts from A to B then total surplus goe down by $80. i up by $40. [ If the supply curve shifts from A to B then consumer surplus up by $48. [ down by $40. F Which of the following is true about the equilibrium with supply curve A versus supply curve B? [Select] v What could explain a shift from supply curve A to B? [ Select] Market for Widgets $32 $28 B A $24 $20 $16 $12 $8 $4 $0 0 2 4 6 3 10 12 14 If the supply curve is A for widgets then the total surplus for widgets is [ Select ] ~ If the supply curve shifts from A to B then total surplus goes [ Select] hi If the supply curve shifts from A to B then consumer surplusi ALy [ | increases by $16. | o Which of the following is true about the equilibrium with su e it t | decreases by $20. B? [Select] v decreases by $16. What could explain a shift from supply curve A to B? [ Select] Market for Widgets 0 2 4 6 8 10 12 14 If the supply curve is A for widgets then the total surplus for widgets is [ Select ] v If the supply curve shifts from A to B then total surplus goes [ Select] If the supply curve shifts from A to B then consumer surplus [ Select] v Which of the following is true about the equilibrium with supply curve A versus supply curve B: v [ Select] Willingness to pay cannot be compared based on supply curve A and supply curve B. With supply curve A the buyers in the market have a higher willingness to pay than with supply curve B. W Buyers in the market have the same willingness to pay with supply curve A as with supply curve B. With supply curve B the buyers in the market have a higher willingness to pay than with supply curve A. Market for Widgets $32 $28 B A $24 $20 $16 $12 $8 $4 $0 0 2 - 6 8 10 12 14 If the supply curve is A for widgets then the total surplus for widgets is [ Select ] v If the supply curve shifts from A to B then total surplus goes [ Select] If the supply curve shifts from A to B then consumer surplus [ Select] Which of the following is true about the equilibrium with supply curve A versus supply curve B? [Select] v What could explain a shift from supply curve A to B] RAREELESS | the willingness to pay for all buyers decreased. the cost of producing for all sellers decreased. | | | the willingness to pay for all buyers increased. | | the cost of producing for all sellers increased