A-LevelEconomicsThe price system and the microeconomy9708/12 · May/June 2017 · Q131 Mark

The diagram shows the demand and supply curves for a good during a certain period. The market price is shown by P and the quantity traded by point M. [Figure 13.1] Which area indicates producer surplus?

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AAXB

BAXMO

CAXP

DPXB

✓ Correct answer

D: PXB

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Topic: The price system and the microeconomy, A-Level Economics (syllabus 9708). Multiple choice, 1 mark.
Source: A-Level Economics, May/June 2017 Paper 1 Variant 2, question 13.

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The diagram shows the demand and supply curves for a good during a certain period. The market price is shown by P and the quantity traded by point M. [Figure 13.1] Which area indicates producer surplus?

✓ Correct answer

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About this question

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