Total producer surplus is measured as the area:
A) between the demand curve and the supply curve.
B) above the supply curve.
C) beneath the demand curve and above the market price.
D) beneath the market price and above the supply curve.

Question

Quizplus · Accepted Answer

Producer surplus is the area above the supply curve and below the market price, representing the difference between what producers are willing to accept and what they actually receive.

Total Producer Surplus Is Measured as the Area