Producer surplus is the difference between
A) supply and demand.
B) the price the producer receives and the willingness to sell a good.
C) the willingness to pay for a good and the willingness to sell a good.
D) the willingness to pay for a good and the amount that is paid to get it.
E) the price paid for a good and the amount of the good produced.

Question

Quizplus · Accepted Answer

Producer surplus is the difference between the price the producer receives and the willingness to sell a good. This is because the producer receives a price for the good that is higher than the minimum price they are willing to sell it for, resulting in a surplus.

Producer Surplus Is the Difference Between