A-LevelEconomicsThe price system and the microeconomy9708/12 · Oct/Nov 2018 · Q131 Mark
The diagram shows a competitive market in equilibrium with price P and quantity Q sold. [Diagram] Which area represents the producer surplus?
This question uses a diagram from the original paper, which isn't shown here. Open the full paper from the past papers archive to see it.
AOPWQ minus OUWQ
BOPWQ minus UPW
COVWQ minus OPWQ
DOVWQ minus PVW
✓ Correct answer
A: OPWQ minus OUWQ
Practise more questions on this topic
Oracle Prep sorts past-paper questions by topic, so you can drill The price system and the microeconomy and see which topics are most likely to come up next.
Sign up free →