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Economics (AS & A Level) · Oct / Nov 2024 · Paper 13 · Question 10

9708Consumer and producer surplus

Different areas on the diagram represent different aspects of a market. Which row correctly identifies the three variables shown?

  1. Aconsumer surplus RST; producer surplus TUOG; total consumer expenditure STEU
  2. Bconsumer surplus RST; producer surplus UST; total consumer expenditure STGO
  3. Cconsumer surplus RTU; producer surplus UTE; total consumer expenditure STGO
  4. Dconsumer surplus RTEU; producer surplus TEF; total consumer expenditure RFU

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Correct answer: B. consumer surplus RST; producer surplus UST; total consumer expenditure STGO

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