Producer surplus measures the:
A)wellbeing of sellers
B)wellbeing of society as a whole
C)goods and services that the seller cannot find a buyer for
D)wellbeing of buyers

Question

Quizplus · Accepted Answer

Producer surplus is the difference between the price a producer receives and the minimum price they are willing to accept for producing and selling a good or service. This measures the benefit to the producer and represents their wellbeing.

Producer Surplus Measures The