The following figure shows the intersection of demand and supply at the price P 2 and quantity Q 2 in a competitive market.
Figure 10-2
-Refer to Figure 10-2.What is the producer surplus at the equilibrium level of output?
A)f + g + j
B)f + g + h + i + j
C)f + g
D)i + h + g + f

Question

The following figure shows the intersection of demand and supply at the price P 2 and quantity Q 2 in a competitive market.
Figure 10-2 
-Refer to Figure 10-2.What is the producer surplus at the equilibrium level of output?
A)f + g + j 
B)f + g + h + i + j 
C)f + g 
D)i + h + g + f

Quizplus · Accepted Answer

The Answer is A

The Following Figure Shows the Intersection of Demand and Supply