Which of the Following Is Not True Concerning Producer Surplus

question 396

Multiple Choice

Which of the following is not true concerning producer surplus?

• A) ​It is qraphically the area under the supply curve and above the market price.
• B) ​It exists in equilibrium.
• C) ​A leftward shift of the supply curve will decrease producer surplus.
• D) ​A rightward shift of the supply curve will increase producer surplus.​

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