Figure 7-27
-Refer to Figure 7-27.Sellers whose costs are greater than the equilibrium price are represented by segment
A)AC.
B)CK.
C)BC.
D)CH.

Question

Figure 7-27 
-Refer to Figure 7-27.Sellers whose costs are greater than the equilibrium price are represented by segment
A)AC. 
B)CK. 
C)BC. 
D)CH.

Quizplus · Accepted Answer

Sellers whose costs are greater than the equilibrium price are represented by the area above the supply curve and below the price line. In the given diagram, segment CH represents those sellers whose costs are greater than the equilibrium price.

Figure 7-27 -Refer to Figure 7-27.Sellers Whose Costs Are Greater Than the Greater