Which area is producer surplus
A)the area under the supply curve
B)the area between the supply and demand curves
C)the area below the price and above the supply curve
D)the area under the demand curve, and above the price

Question

Quizplus · Accepted Answer

Producer surplus is the difference between the price at which a good is sold and the minimum price at which it would be willing to sell. This is represented by the area below the price and above the supply curve.

Which Area Is Producer Surplus