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Author Question: Using supply and demand curve analysis, the triangular area below the equilibrium price and above ... (Read 83 times)

brutforce

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on: Jun 30, 2018
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.


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Ksanderson1296

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Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

d


brutforce

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Reply 2 on: Jun 30, 2018
Excellent

skipfourms123

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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