Refer to the diagram.The area of producer surplus would be represented by triangular area:
A)a.
B)b.
C)c.
D)d.

Question

Refer to the diagram.The area of producer surplus would be represented by triangular area: 
A)a. 
B)b. 
C)c. 
D)d.

Quizplus · Accepted Answer

The producer surplus is the area above the supply curve and below the equilibrium price. In the given diagram, the triangular area above the supply curve (line AC) and below the equilibrium price (point E) is represented by region B. Therefore, B is the correct choice for the area of the producer surplus.

Refer to the Diagram