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Figure: Gain in Producer Surplus
-(Figure: Gain in Producer Surplus) Look at the figure Gain in Producer Surplus. Which of the following areas represent producer surplus when the price is equal to P₂?

Question

Use the following to answer question:
Figure: Gain in Producer Surplus

-(Figure: Gain in Producer Surplus) Look at the figure Gain in Producer Surplus. Which of the following areas represent producer surplus when the price is equal to P₂?

Quizplus · Accepted Answer

When the price is equal to P2, the producer surplus is represented by the area above the supply curve and below the price level P2, which is areas D, E, and F.

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