This topic contains a solution. Click here to go to the answer

Author Question: Using supply and demand curve analysis, the triangular area below the equilibrium price and above ... (Read 79 times)

brutforce

  • Hero Member
  • *****
  • Posts: 540
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.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Ksanderson1296

  • Sr. Member
  • ****
  • Posts: 339
Answer to Question 1

b

Answer to Question 2

d




brutforce

  • Member
  • Posts: 540
Reply 2 on: Jun 30, 2018
Wow, this really help


sailorcrescent

  • Member
  • Posts: 334
Reply 3 on: Yesterday
Great answer, keep it coming :)

 

Did you know?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

Did you know?

A strange skin disease referred to as Morgellons has occurred in the southern United States and in California. Symptoms include slowly healing sores, joint pain, persistent fatigue, and a sensation of things crawling through the skin. Another symptom is strange-looking, threadlike extrusions coming out of the skin.

Did you know?

Long-term mental and physical effects from substance abuse include: paranoia, psychosis, immune deficiencies, and organ damage.

Did you know?

In 1844, Charles Goodyear obtained the first patent for a rubber condom.

Did you know?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

For a complete list of videos, visit our video library