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Economics (AS & A Level) · Feb / March 2025 · Paper 12 · Question 7

9708Consumer and producer surplus

The diagram represents the market for a good. Which statement is correct?

  1. AOX represents the price above which no producer wishes to stay in the market.
  2. BOZ represents the minimum price consumers are prepared to pay.
  3. CPYZ represents the total consumer surplus.
  4. DXYZ represents the total producer surplus.

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Correct answer: D. XYZ represents the total producer surplus.

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