Producer surplus is the area A. under the demand curve and above the price. B. between the supply and demand curves. C. below th

Question

kifflom [539]

2 years ago

15

Producer surplus is the area A. under the demand curve and above the price. B. between the supply and demand curves. C. below th

e price and above the supply curve. D. under the supply curve.

Business

1 answer:

AfilCa [17] · Answer 1 · 2022-07-20T06:03:38+03:00

Answer:

C. below the price and above the supply curve

Explanation:

The Producer surplus is the difference between the price received for a product and the minimum price the seller is willing to accept for the same product. This area on the graph is below the price line and above the supply curve.