Quiz

Quiz: Consumer Surplus on a Supply and Demand Diagram

Pearson Edexcel Level 3 Advanced GCE in Economics A (9EC0)

11 Steps9 Questions

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Building on what you've learned, let's test your knowledge of consumer surplus on a supply and demand diagram!

Multiple ChoiceInteractive

What does consumer surplus represent?

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Which of the following statements about consumer surplus are true? (Select all that apply)

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Consumer surplus is found as the area below the {{blank0}} curve and above the market {{blank1}}.

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Match the items on the left with their correct pairs on the right

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Match the items on the left with their correct pairs on the right

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Multiple ChoiceInteractive

What happens to consumer surplus if the price of a good increases?

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Consumer surplus is typically larger when prices are {{blank0}}.

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typedAnswer

Match the items on the left with their correct pairs on the right

Multiple ChoiceInteractive

Which diagram shows consumer surplus correctly?

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Multi-SelectInteractive

Which factors can increase consumer surplus? (Select all that apply)

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