A well-known clothes retailer decides to have a summer sale in its shops. As a result the number of people who use the shops increases. original price sale price O J K M N L customer purchases Which areas measure the change in consumer surplus for the customers who would have bought the clothes anyway and the surplus for the new customers?

9708_m17_qp_12

MCQ

2017

Paper 1, Variant 2

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The diagram shows the European airline market. F G H J K O R T M N S1 S2 D price quantity New entrants have come into the market, shifting supply from S1 to S2. Which area represents the new producer surplus?

9708_m18_qp_12

MCQ

2018

Paper 1, Variant 2

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In the diagram, the supply of a product increases while the demand curve does not shift. price quantity P1 P2 S1 S1 D1 D1 S2 S2 O Which row correctly identifies the resulting impact on consumer and producer surplus?

9708_m19_qp_12

MCQ

2019

Paper 1, Variant 2

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Producer surplus is the difference between A the consumer surplus from the good and the producers’ total cost of supplying the good. B the highest price that the consumer would be willing to pay for the good and the price the producer actually sold it for. C the lowest price that the producer would accept for the good and the price the producer actually sold it for. D the quantity that the producers manufacture in a week and the amount sold to consumers in that week.

9708_m19_qp_12

MCQ

2019

Paper 1, Variant 2

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Which example of consumer behaviour would create consumer surplus?

9708_m21_qp_12

MCQ

2021

Paper 1, Variant 2

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The diagram shows a competitive market in equilibrium with price P and quantity Q sold. V U O Q P W S D quantity price Which area represents the producer surplus?

9708_m24_qp_12

MCQ

2024

Paper 1, Variant 2

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What is necessary for consumer surplus to be zero?

9708_s05_qp_1

MCQ

2005

Paper 1, Variant 0

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What combination is most likely to cause a surplus in a country’s trade in goods and services?

9708_s05_qp_1

MCQ

2005

Paper 1, Variant 0

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The diagram represents a market for a good, in which the equilibrium price is OU. price quantity O W X V U Y Z supply maximum price demand A maximum price of OV is imposed by law. What effect does this have on consumer surplus?

9708_s07_qp_1

MCQ

2007

Paper 1, Variant 0

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The diagram shows the effect of the imposition of a tax equal to FG on a commodity. O F G D S1 S2 v w u x y price quantity Which area represents the reduction in consumer surplus?

9708_s12_qp_11

MCQ

2012

Paper 1, Variant 1

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