-In the figure above,the equilibrium market price is $20.The producer surplus is shown by the area
A) A.
B) B.
C) A + B.
D) A ÷ B.
E) A - B.

Name: -In the figure above,the equilibrium market price is $20.The producer surplus is shown by the area A) A. B) B. C) A + B. D) A ÷ B. E) A - B.
Brand: Quizplus
Rating: 4.8 (32 reviews)

Question

-In the figure above,the equilibrium market price is $20.The producer surplus is shown by the area
A) A. 
B) B. 
C) A + B. 
D) A ÷ B. 
E) A - B.

Quizplus · Accepted Answer

The producer surplus is the area above the supply curve and below the equilibrium price, which is represented by area A.

-In the Figure Above,the Equilibrium Market Price Is $20