Mastering Consumer and Producer Surplus

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WarmerWaterfall
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10 Questions

Which district experienced the highest increase in quantity supplied from year 1 to year 7?

District 4

What was the percentage increase in price from year 1 to year 7?

80%

What was the quantity demanded in District 5 when the price was RM12?

51

Which district had the highest quantity supplied when the price was RM14?

District 5

What was the percentage increase in quantity demanded in District 1 from year 1 to year 7?

170%

Which district experienced the highest percentage increase in quantity supplied from year 1 to year 7?

District 4

What was the quantity demanded in District 3 when the price was RM15?

37

What was the percentage increase in price from year 1 to year 7?

55%

What was the percentage increase in quantity demanded in District 4 from year 1 to year 7?

50%

Which district had the highest quantity supplied when the price was RM13?

District 4

Test your understanding of consumer and producer surplus in microeconomics with this tutorial discussion quiz. Explore the concept of market equilibrium and practice drawing graphs using a ruler. Expand your knowledge and prepare for Semester 1, 2023/2024.

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