What part of the graph illustrate consumer (red) and producer (blue) surpluses?
Answer
areas (the unit is price times quantity)
status
not learned
measured difficulty
37% [default]
last interval [days]
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0
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Parent (intermediate) annotation
Open it Graph illustrating consumer (red) and producer (blue) surpluses on a supply and demand chart.
Original toplevel document
Economic surplus - Wikipedia, the free encyclopedia From Wikipedia, the free encyclopedia
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This article is about consumers' and producers' surplus. For information about other surpluses, see Surplus.
<span>Graph illustrating consumer (red) and producer (blue) surpluses on a supply and demand chart
In mainstream economics, economic surplus, also known as total welfare or Marshallian surplus (named after Alfred Marshall), refers to two related quantities. Consumer surplus or consume