Why does producer surplus arise?
A) Consumers buy less of some commodities than they need.
B) Sellers' costs of production for some goods are less than the market price.
C) Producers make more off some commodities than the consumers desire.
D) Sellers manufacture more units of a good than consumers are willing to purchase.
Correct Answer:
Verified
Q1: FIGURE 6-1 Q2: Harry pays only $15 000 to purchase Q4: The schedule below represents the willingness of Q5: Which of the following best explains the Q6: Phil and Lasca have always wanted to Q7: Why does consumer surplus arise? Q8: What is the term for the difference
A) Sellers manufacture
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