2. Supply and Demand

Consumer And Producer Surplus — Quiz

Test your understanding of consumer and producer surplus with 5 practice questions.

Practice Questions

Question 1

What does consumer surplus represent in a market?

Question 2

Which area on a supply and demand graph represents producer surplus?

Question 3

How is total surplus calculated in a market?

Question 4

What happens to consumer surplus when a tax is imposed on a good?

Question 5

What is deadweight loss in the context of taxation?