All else being equal, a demand increase: causes consumer surplus to decrease and producer surplus to increase. causes both consumer and producer surplus to decrease. causes consumer surplus to increase and producer surplus to decrease. causes both consumer and producer surplus to increase.

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08-02-2022
Business

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All else being equal, a demand increase: causes consumer surplus to decrease and producer surplus to increase. causes both consumer and producer surplus to decrease. causes consumer surplus to increase and producer surplus to decrease. causes both consumer and producer surplus to increase.

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Topeadeniran2idn Topeadeniran2idn · Answer 1 · 2022-02-16T05:08:32-05:00

When there's an increase in demand, it causes both consumer and producer surplus to increase.

What is demand?

It should be noted that demand simply means the goods and services that a consumer is willing to buy aamt a given price and time.

An increase in demand, it causes both consumer and producer surplus to increase. The consumer surplus is the willingness of the consumer to be able to pay for a good.

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Sagot :

What is demand?

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