Question: I need help. Thank you. Multiple choice options are 4. First tab: Below / above / on second tab: demand / supply / price third

 I need help. Thank you. Multiple choice options are 4. First

I need help. Thank you. Multiple choice options are 4. First tab: Below / above / on second tab: demand / supply / price third tab: demand curve / price / supply curve.5. First tab: below / above / equal to second tab: demand curve / supply curve / price third tab: demand curve / supply curve / equilibrium

tab: Below / above / on second tab: demand / supply /

D Question 1 1 pts Which of the following is not true regarding consumer surplus? Consumer surplus can be calculated as WTP-P Consumer surplus will always be equal to producer surplus. Consumer surplus is the extra benefit consumers get when the price they end up paying is lower than the price they were willing to pay Consumer surplus will increase when the price that buyers pay decreases. D Question 2 1 pts Which of the following is not true regarding producer surplus? Producer surplus can be calculated as the price sellers charge minus how much it cost them to produce the good. Producer surplus is the extra benefit producers get when the price they end up selling the good for is higher than their cost to produce it. Producers with lower costs will receive more producer surplus than producers with higher costs. O Producer surplus will increase when the price that buyers pay decreases. D Question 3 1 pts Total surplus (TS) is equal to consumer surplus (CS) + producer surplus (PS). O True O False D Question 4 3 pts When looking at a graph, consumer surplus (CS) is always the area [Select ] the [ Select ] curve and above the [ Select ] D Question 5 3 pts When looking at a graph, producer surplus (PS) is always the area [ Select ] the Select ] and above the [ Select ]

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