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Consumer and producer surplus

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Question 7

What is the change in producer surplus as a result of the market equilibrium moving from point A to point B in the diagram below?

Market supply and demand for organic coffee beans

+£40 thousand+£40\text{ thousand}+£40 thousand

−£40 thousand-£40\text{ thousand}−£40 thousand

+£80 thousand+£80\text{ thousand}+£80 thousand

+£10 thousand+£10\text{ thousand}+£10 thousand

Consumer and producer surplus Questions

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