A-LevelEconomicsThe price system and the microeconomy9708/12 · Oct/Nov 2021 · Q131 Mark
The diagram shows the market for smartphones in India. Rising incomes in India have seen a demand for this normal good shift from D₁ to D2. Which area now represents consumer surplus and which area now represents 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.
Aconsumer surplus: FMH; producer surplus: HMK
Bconsumer surplus: FMH; producer surplus: OKMT
Cconsumer surplus: GNJ; producer surplus: HMNJ
Dconsumer surplus: GNJ; producer surplus: JNK
✓ Correct answer
A: consumer surplus: FMH; producer surplus: HMK
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