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Tutorial
Econ Tutorial
Consumer and Producer Surplus
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Question 1 of 6
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Question
Refer to the figure above. If the price is $6, what is the total consumer surplus for Tea?
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Question
Refer to the figure above. If the price is $3, what is the total consumer surplus?
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B.
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D.
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2
Question
Refer to the figure above. If the price per cup of Tea drops from $6 to $3, which are represents the increase in consumer surplus caused by new Tea purchases?
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B.
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Question
Refer to the figure above. If the price per cup of Tea drops from $6 to $3, which are represents the increase in consumer surplus caused by the effect of a decrease in price on the original purchases?
A.
B.
C.
D.
E.
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Question
Refer to the figure above. If the price per cup of Tea increases from $4 to $6, which are represents the increase in producer surplus caused by new Tea sales?
A.
B.
C.
D.
E.
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2
Question
Refer to the figure above. If the price per cup of Tea increases from $4 to $6, which are represents the increase in producer surplus caused by the effect of an increase in price on the original cups of tea sold?
