<span>U.S. Bureau of Labor Statistics</span>
Answer:
it would have effects on the demand
Explanation:
this would have more affect on the demand because there are more people that want the Supply
Answer:
Gap between the supply curve and the market price.
Explanation:
Producers surplus refers to the surplus that a producer of a commodity can obtain. The producers surplus is the difference between the producer's willingness to accept the price and the actual price they have received.
Producers surplus = Actual market price - Willingness to accept the price
Graphically, it is the area between the upper portion of supply curve and the market price.
