Figure 8-1

-Refer to Figure 8-1.When the market is in equilibrium,what area represents producer surplus
A)A + B
B)B + C
C)C
D)A + D

Name: Figure 8-1 -Refer to Figure 8-1.When the market is in equilibrium,what area represents producer surplus A)A + B B)B + C C)C D)A + D
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Question

Figure 8-1
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-Refer to Figure 8-1.When the market is in equilibrium,what area represents producer surplus
A)A + B 
B)B + C 
C)C 
D)A + D

Quizplus · Accepted Answer

Producer surplus is the area above the equilibrium price and below the supply curve. In Figure 8-1, this area is represented by triangle C.

Figure 8-1 ​

Figure 8-1