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The total amount of producer surplus in a market is equal to the area above the market supply curve

Tidy

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The total amount of producer surplus in a market is equal to the area above the market supply curve

The total amount of producer surplus in a market is equal to the area above the market supply curve and below the market price.
True or false?

Textbook

Essentials of Economics

Essentials of Economics

Edition: 4^th

Authors: Hubbard, O'Brien

Read 202 times

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Sydnie

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Sydnie

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8 years ago

I was confident with my answer, glad it was correct.

Oh, and thumbs-up are more than welcome Slight Smile

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