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Consumer and producer surplus

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Question 2

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 for Artisan Sourdough Bread

+£54 thousand+£54\text{ thousand}+£54 thousand

−£54 thousand-£54\text{ thousand}−£54 thousand

−£108 thousand-£108\text{ thousand}−£108 thousand

−£60 thousand-£60\text{ thousand}−£60 thousand

Consumer and producer surplus Questions

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