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Consumer and producer surplus

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Question 7

In the diagram below, the market demand for a good increases, causing the demand curve to shift from D1 D_1\,D1​ to D2D_2D2​.

Demand shift from D1 to D2

Which area represents the change in producer surplus resulting from this demand shift, where O O\,O is the origin?

P1UVP2P_1 U V P_2P1​UVP2​

Q1UVQ2Q_1 U V Q_2Q1​UVQ2​

P2VQ2OP_2 V Q_2 OP2​VQ2​O

P2VUP_2 V UP2​VU

Consumer and producer surplus Questions

  1. A Level
  2. /Economics
  3. /Consumer and producer surplus