-Refer to Exhibit 4-8.If the wheat market is in competitive equilibrium the producers' surplus will equal
A) area 1 + 2 + 3
B) area 1 + 2 + 4
C) area 3 + 5
D) area 1 + 2 + 3 + 4 + 5
E) area 6

Question

-Refer to Exhibit 4-8.If the wheat market is in competitive equilibrium the producers' surplus will equal
A) area 1 + 2 + 3 
B) area 1 + 2 + 4 
C) area 3 + 5 
D) area 1 + 2 + 3 + 4 + 5 
E) area 6

Quizplus · Accepted Answer

The Answer of 
-Refer to Exhibit 4-8.If the wheat market is in competitive equilibrium the producers' surplus will equal
A) area 1 + 2 + 3 
B) area 1 + 2 + 4 
C) area 3 + 5 
D) area 1 + 2 + 3 + 4 + 5 
E) area 6