jilliangracee2198 jilliangracee2198

Today at 4:35 PM
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Assume government policy increases the demand for corn.

(A) The producer surplus of corn growers will decrease.
(B) The producer surplus of corn growers will not change.
(C) The producer surplus of corn growers will increase.
(D) The consumer surplus of corn buyers will increase.

Answer :

ewomazinoade ewomazinoade

Today at 4:39 PM

Answer: C - The producer surplus of corn growers will increase.

Explanation: A producer surplus is the difference between a producer receives from the sale of his goods or services and the lowest amount the producer will be willing to sell his goods or services.

An increase in price increases producers surplus and vice versa.

An increase in demand also increases producers surplus

I hope my answer helps you.

Goodluck!

${teks-lihat-gambar} ewomazinoade

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