tutor2u | Equilibrium Prices and Producer Revenue

Study Notes

Equilibrium Prices and Producer Revenue

Level:
GCSE, AS, A Level
Board:
AQA, Edexcel, OCR, IB

Last updated 22 Mar 2021

An outward shift of demand will lead to a higher price, an expansion of production and a rise in total producer revenue

Prices and total revenue for the producer

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