Consumer & producer surplus

Q11 Explain, using a demand and supply sketch, how fewer foreign visitors to Czechia affects hotel producer surplus.

Q11 Explain and draw what the fall in EU tomato output does to consumer surplus in that market.

Q11 Explain, with a diagram, what falling Tesla production costs do to producer surplus in the electric car market.

Q4(a) Calculate by what percentage the London–Reading annual season ticket rose in 2023, from £5044 to £5664.

Q4(b) Explain what the higher season ticket price does to consumer surplus for rail travellers.

Q11 Explain, with a diagram, how Legoland's drop in visitor numbers from 2019 to 2021 affects its producer surplus.

Q4 Identify the effect on price and on consumer surplus of a surge in South African demand for electric blankets.

Q11 After a strong Spanish harvest, nectarines cost $1.42 per kg by August 2021, down from $1.83 in August 2020; explain the effect on consumer surplus, with a diagram.

Q11 Bananas in US shops moved from $1.17 to $1.30 per kg as transport costs climbed; explain what happens to consumer surplus, supported by a diagram.

Q12(d) Examine how producer surplus shifts once the rubber glove market changes in the way Extract C sets out; a diagram is needed.

Q11 The world price of sweet potatoes rose from $12 to $22.50 a box after Hurricane Florence; explain the likely impact on consumer surplus. A diagram is required.

Q11 With a diagram, show how a 46% rise in palladium's price affects producer surplus in that market.

Q1(b) With fuel demand highly inelastic (PED −0.1), pick the likeliest outcome for consumer and producer surplus once the indirect tax rises.

Q5 A diagram shows the world rice market once African rice imports fell in 2019: which inference about consumer surplus, producer surplus and revenue fits?

Q11 Explain the likely impact of a fall in the price of wheat on consumer surplus. A diagram is required.

Q4 In a Madagascan vanilla pod diagram, choose the correct change in producer or consumer surplus once rich-country demand rises.

Q2(a) Mark on a diagram how consumer surplus shifts for diesel cars once proposed 2025 city centre bans weaken demand.

Q11 Tighter supply lifted Ho Chi Minh City sand from VND510 000 per cubic metre to VND695 000 during 2017; explain the effect on producer surplus, with a diagram.

Q5(a) Give a short definition of consumer surplus.

Q3(b) Pick the likeliest outcome of withdrawing solar panel installation subsidies (more producer surplus / fewer public goods / less consumer surplus / higher state spending).

Q3(c) Which of these is pushed up by the subsidy? (consumer surplus / market failure / public goods / tax revenue)

Q6(c) Explain what happens to producer surplus when demand for housing strengthens, supporting the answer with a diagram.