Figure SEQ Figure 1
-Consider Figure 1.Producer surplus at the equilibrium price is
A)$20
B)$40
C)$80
D)$120

Question

Figure SEQ Figure  1 
-Consider Figure 1.Producer surplus at the equilibrium price is
A)$20 
B)$40 
C)$80 
D)$120

Quizplus · Accepted Answer

Producer surplus is the area above the supply curve and below the equilibrium price. Without seeing Figure 1, the correct answer cannot be determined directly from the question. However, assuming B is marked as the correct choice, it suggests that based on the supply curve and equilibrium price in Figure 1, the area representing producer surplus is valued at $40.