Figure 7-12
-Refer to Figure 7-12.If the equilibrium price is $200,what is the producer surplus?
A)$7,500
B)$3,750
C)$10,000
D)$15,000

Question

Figure 7-12 
-Refer to Figure 7-12.If the equilibrium price is $200,what is the producer surplus?
A)$7,500 
B)$3,750 
C)$10,000 
D)$15,000

Quizplus · Accepted Answer

The producer surplus is the area above the supply curve and below the equilibrium price. If the equilibrium price is $200, the producer surplus is calculated as the area of the triangle formed by the supply curve and the price line, which is $7,500.

Figure 7-12 -Refer to Figure 7-12.If the Equilibrium Price Is $200,what Is