Use the following to answer question:
Figure: Producer Surplus and Supply
-(Figure: Producer Surplus and Supply) Look at the figure Producer Surplus and Supply. The difference between the total revenue received by sellers and their total cost is called _____ surplus, which is depicted by area _____ if the amount sold is E.
A) consumer; ABD
B) producer; 0BDE
C) net; 0ADE
D) producer; ABD
Correct Answer:
Verified
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Figure: Gain
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