Assume the Market Depicted in the Graph Is in Equilibrium

question 144

Multiple Choice

Assume the market depicted in the graph is in equilibrium. Producer surplus is the area:

• A)under the demand curve and above the market price.
• B)under the supply curve and above the market price.
• C)above the supply curve and below the market price.
• D)above the demand curve and below the market price.

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