Graph 10-2 This graph depicts the market for pork.Use this information to answer the following question(s).
-In Graph 10-2, producer and consumer surplus at the point of market efficiency is represented by area(s):
A)a + b
B)a + d
C)b + c
D)c + d

Question

Graph 10-2  This graph depicts the market for pork.Use this information to answer the following question(s).
-In Graph 10-2, producer and consumer surplus at the point of market efficiency is represented by area(s):
A)a + b 
B)a + d 
C)b + c 
D)c + d

Quizplus · Accepted Answer

Producer surplus is represented by area a, and consumer surplus is represented by area b. At the point of market efficiency, these two areas are maximized.

Graph 10-2 This Graph Depicts the Market for Pork