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Assume the Market Depicted in the Graph Is in Equilibrium

Question 41

Multiple Choice

Assume the market depicted in the graph is in equilibrium. Which of the following statements is true? A) Consumer surplus is greater than producer surplus. B) Producer surplus is greater than consumer surplus. C) Consumer surplus is the same as producer surplus. D) Total surplus is smaller than producer surplus. Assume the market depicted in the graph is in equilibrium. Which of the following statements is true?


A) Consumer surplus is greater than producer surplus.
B) Producer surplus is greater than consumer surplus.
C) Consumer surplus is the same as producer surplus.
D) Total surplus is smaller than producer surplus.

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