The diagram illustrates a shift in the supply curve in a market from S1 to S2. What effect will this have on consumer surplus and producer surplus?
- Aconsumer surplus decreases by s; producer surplus increases by s + u – t
- Bconsumer surplus decreases by s; producer surplus increases by u + v – w
- Cconsumer surplus decreases by s + t; producer surplus increases by s + t – v
- Dconsumer surplus decreases by s + t; producer surplus increases by s + z – v