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Economics (AS & A Level) · May / June 2023 · Paper 11 · Question 8

9708Consumer and producer surplus

The diagram shows the European market for diesel fuel and the original equilibrium is at M. Europeans want low-emission cars and therefore the demand for diesel fuel has decreased from D1 to D2. Which area represents the new producer surplus for companies supplying diesel fuel?

  1. AGMNH
  2. BJGM
  3. CJHN
  4. DJNR

As printed in the paper

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Correct answer: C. JHN

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