The total producer surplus enjoyed by all sellers in a market
A)exceeds the market price
B)is measured by the area below the market supply curve
C)is called market producer surplus
D)is the area below the market demand curve minus the area below the market supply curve
E)is the area below the market supply curve minus the area below the market price

Question

Quizplus · Accepted Answer

Market producer surplus is the area below the market supply curve.

The Total Producer Surplus Enjoyed by All Sellers in a Market