The distance between the supply curve and the price the producer receives for a product for a given quantity supplied is referred to as:
A) market surplus.
B) market shortage.
C) consumer surplus.
D) producer surplus.

Question

Quizplus · Accepted Answer

Producer surplus is the difference between the amount a producer is willing to accept for a good or service and the actual amount received.

The Distance Between the Supply Curve and the Price the Producer