Use the following to answer questions
Figure: Determining Surplus and Loss
-(Figure: Determining Surplus and Loss)In the graph,producer surplus is _____ in equilibrium and _____ at a price of $12.

Question

Use the following to answer questions 
Figure: Determining Surplus and Loss 
-(Figure: Determining Surplus and Loss)In the graph,producer surplus is _____ in equilibrium and _____ at a price of $12.

Quizplus · Accepted Answer

According to the graph, producer surplus is $120 in equilibrium, and becomes $170 when the price is $12. Therefore, the best choice is C.

Use the Following to Answer Questions