Figure 7-14: Producer Surplus
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This document includes a question about calculating producer surplus based on the equilibrium price in a supply and demand graph. The question refers to Figure 7-14, and the answer choices are numerical values.
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## Figure 7-14 The image shows a supply and demand graph. The x-axis represents the quantity, while the y-axis represents the price. The supply curve (S) intersects the demand curve (D) at a point corresponding to a price of 100 and a quantity of approximately 14. **1. Refer to Figure 7-14. At th...
## Figure 7-14 The image shows a supply and demand graph. The x-axis represents the quantity, while the y-axis represents the price. The supply curve (S) intersects the demand curve (D) at a point corresponding to a price of 100 and a quantity of approximately 14. **1. Refer to Figure 7-14. At the equilibrium price, producer surplus is** a. $800. b. $400. c. $450. d. $900.
