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Figure: Determining Surplus and Loss
-(Figure: Determining Surplus and Loss)In the graph,producer surplus is _____ in equilibrium and _____ at a price of $5.

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Figure: Determining Surplus and Loss 
-(Figure: Determining Surplus and Loss)In the graph,producer surplus is _____ in equilibrium and _____ at a price of $5.

Quizplus · Accepted Answer

Producer surplus is the area between the supply curve and the price line. 
At equilibrium point, producer surplus is the area between the supply curve and the demand curve, which is $120. 
At a price of $5, producer surplus is the area between the supply curve and the price line, which is $30.

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