We Can Measure Producer and Consumer Surplus by Looking at the Supply

question 9

Multiple Choice

We can measure producer and consumer surplus by looking at the supply
And demand graphical representation.Producer surplus is:

• A)the area above the supply curve but below the equilibrium price.
• B)the area below the demand curve but greater than the equilibrium price.
• C)the area below the demand curve all the way down to the quantity axis.
• D)the combined triangular area below the demand curve and above the supply curve.

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