If the producers' surplus is $50,and the consumers' surplus is $40,then what is the minimum selling price of the good?
A) $10
B) $40
C) $50
D) $90
E) There is not enough information to answer the question.

Question

Quizplus · Accepted Answer

The minimum selling price cannot be determined solely from the producers' and consumers' surplus values without additional information about the supply and demand curves or equilibrium price.

If the Producers' Surplus Is $50,and the Consumers' Surplus Is