Economics 9708 · AS & A Level

Consumer and producer surplus

4 practice questions on Consumer and producer surplus, with worked solutions and instant marking.

An indirect tax is placed on a product. What change occurs in consumer surplus?

Oct/Nov 2025

What does consumer surplus mean?

Oct/Nov 2025

In the diagram, D and S show the original demand and supply conditions for a good. Which row correctly shows how consumer surplus and producer surplus change if supply moves to $S_1$?

Oct/Nov 2025

Using a diagram, explain the distinction between producer surplus and consumer surplus and assess the extent to which producers always gain when the price of a product rises because of higher production costs.

Oct/Nov 2025