Suppose that a frost in florida reduces the size of the orange crop, which causes the supply curve to shift to the left (from supply 1 to supply 2). as a result, consumer surplus loading...
a. decreases by areas b, c, d, and g.
b. decreases by areas b, c, and
d.
c. decreases by areas b and c and increases by area g.
d. decreases by areas b and
c.
e. none of the above. producer surplus loading...
a. increases by areas b, c, and
d.
b. decreases by area g.
c. increases by area b and decreases by areas f and g.
d. increases by areas b and
c.
e. none of the above.