What does the area between the market price and the supply curve provide a measure of?
A) marginal utility
B) producer surplus
C) consumer surplus plus producer surplus
D) consumer surplus

Question

Quizplus · Accepted Answer

The area between the market price and the supply curve provides a measure of producer surplus, which is the difference between the price at which producers are willing to supply a good and the market price for that good.

What Does the Area Between the Market Price and the Supply