Figure 9-9

-Refer to Figure 9-9.What is producer surplus plus consumer surplus in this market before trade
A)A + B
B)A + B + C
C)A + B + C + D
D)A + C

Name: Figure 9-9 -Refer to Figure 9-9.What is producer surplus plus consumer surplus in this market before trade A)A + B B)A + B + C C)A + B + C + D D)A + C
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Question

Figure 9-9
 
-Refer to Figure 9-9.What is producer surplus plus consumer surplus in this market before trade
A)A + B 
B)A + B + C 
C)A + B + C + D 
D)A + C

Quizplus · Accepted Answer

Producer surplus is represented by area A and consumer surplus is represented by area B before trade. So, the total surplus in the market before trade is A + B.

Figure 9-9 -Refer to Figure 9-9.What Is Producer Surplus Plus Consumer Surplus