Using supply and demand curve analysis, the triangular area below ...

[brutforce]

Using supply and demand curve analysis, the triangular area below the equilibrium price and above the supply curve is:
 a. consumer surplus.
  b. producer surplus.
  c. marginal cost.
 d. deadweight loss.

Question 2

Producer surplus is the:
 a. amount by which the quantity supplied of a good exceeds the quantity demanded of a good.
  b. measure of producers' willingness to sell a good plus the price of the good.
  c. measure of how much producers value a good.
  d. amount consumers actually pay for a good minus the amount the sellers are willing to sell the good.

[Ksanderson1296]

Answer to Question 1

b

Answer to Question 2

d

[brutforce]

TYSM

[mjenn52]

Excellent