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Consumer and producer surplus

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Question 16

In the diagram, the supply of a good shifts from S S\,S to S1S_1S1​.

Supply and demand diagram showing shift in supply from S to S1

What area represents the change in consumer surplus?

P1EFP2P_1 E F P_2P1​EFP2​

P2FQ2P_2 F Q_2P2​FQ2​

P1ESP_1 E SP1​ES

EFS1SE F S_1 SEFS1​S

Consumer and producer surplus Questions

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