Question

The following figure illustrates the demand and supply curves for a good in a competitive market. Supply Demand 0 4 8 12 16 2
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Answer #1

Answer
Option 2
A+B+H
======
The equilibrium at the fixed price is at Qd where Q=4 units and P=7
a producer surplus is an area below the price and above the supply curve and left of the quantity
so the area is A+B+H

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