We can measure producer and consumer surplus by looking at the supply
And demand graphical representation.Producer surplus is:
A)the area above the supply curve but below the equilibrium price.
B)the area below the demand curve but greater than the equilibrium price.
C)the area below the demand curve all the way down to the quantity axis.
D)the combined triangular area below the demand curve and above the supply curve.

Question

Quizplus · Accepted Answer

Producer surplus is the difference between the equilibrium price and the minimum price at which producers would be willing to sell. Therefore, it is the area above the supply curve (which represents the cost of production) but below the equilibrium price (which represents the market price at which the good is sold).

We Can Measure Producer and Consumer Surplus by Looking at the Supply