Economics MCQs – Certification Test 405

Producer Surplus Trivia (Question 405) – App & e-Book Download

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MCQ 405: On a graph, the area above the supply curve and below the prevailing market price is known as:

producer surplus
producer shortage
consumer surplus
consumer shortage

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Economics Trivia App & e-Book – Producer Surplus Entry Tests

People respond to incentives Test 416

Balance of Payments Accounting Principles Test 417

Production Possibility Frontier with Increasing Costs Test 418

Some Determinants of Equilibrium Wage Test 419

Economies of Scale and International Trade Test 420

Demand for Labor Test 421

Some Determinants of Equilibrium Wage Test 422

Circular Flow Diagram Test 423

Balance of Payments Accounting Principles Test 424

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