Figure 7-20

-Refer to Figure 7-20.At equilibrium,producer surplus is measured by the area
A) ACG.
B) AFG.
C) KBG.
D) CFG.

Name: Figure 7-20 -Refer to Figure 7-20.At equilibrium,producer surplus is measured by the area A) ACG. B) AFG. C) KBG. D) CFG.
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Question

Figure 7-20
 
-Refer to Figure 7-20.At equilibrium,producer surplus is measured by the area
A) ACG. 
B) AFG. 
C) KBG. 
D) CFG.

Quizplus · Accepted Answer

Producer surplus is measured by the area above the supply curve and below the market price. At equilibrium, this is the triangular area CFG.

Figure 7-20 -Refer to Figure 7-20.At Equilibrium,producer Surplus Is Measured by the Is