Score: 0 of 1 pt 16 of 41 (11 complete) HW Score: 13.17% *12.1 Question 21 (Stat

Question

Score: 0 of 1 pt 16 of 41 (11 complete) HW Score: 13.17% *12.1 Question 21 (Static) In the diagram at right, if the industry changes from perfect competition to single-price monopoly without a change in costs, then consumer surplus will , producer surplus will, and total surplus will A. fall by Area B + E; rise by Area B; fall by Area D + E OB. fall by Area B E; rise by Area BE; not change ° C. fall by Area B; rise by Area B; not change 0 D. fall by area B minus Area D; rise by Area B; fall by Area B + E E fall by Area BE: rise by Area B minus Area D: fall by AreaD E MR Quantity

Explanation / Answer

New consumer surplus = A

Old consumer surplus = A + B + E

New producer surplus = B + C

Old producer surplus = C + D

New total surplus = A + B + C

Old total surplus = A + B + C + D + E

Option E is correct

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