(Figure: Market 4) Use the graph for pounds of grapes to answer the question.
When the actual pounds produced and sold is two, economic surplus in the market is represented by the area between the demand and supply curves:

A)to the right of equilibrium.
B)to the left of equilibrium.
C)to the left of the quantity of two.
D)between quantities two and five.

Question

(Figure: Market 4) Use the graph for pounds of grapes to answer the question.
When the actual pounds produced and sold is two, economic surplus in the market is represented by the area between the demand and supply curves:

A)to the right of equilibrium. 
B)to the left of equilibrium. 
C)to the left of the quantity of two. 
D)between quantities two and five.

Quizplus · Accepted Answer

The Answer of (Figure: Market 4) Use the graph for pounds of grapes to answer the question.
When the actual pounds produced and sold is two, economic surplus in the market is represented by the area between the demand and supply curves:

A)to the right of equilibrium. 
B)to the left of equilibrium. 
C)to the left of the quantity of two. 
D)between quantities two and five.

(Figure: Market 4) Use the Graph for Pounds of Grapes