21 The panel below, the price is P2 and the quantity supplied is Q1, if price...

Question

Question

21 The panel below, the price is P2 and the quantity supplied is Q1, if price rises to PI, what do the area C and D represent

Answer 1

Answer #1

When the price increases to P1, the area C+D represents the additional producer surplus to the existing sellers

option(A)

Answer 2

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