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Producer surplus is represented by the area ________ the supply curve and ________ the price.

User Jspcal
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Producer surplus is an economic measure of the change between the quantity a producer of a good obtains and the least amount the producer is eager to receive for the good. The change, or surplus amount, is the profit the producer obtains for selling the good in the market. This is found above the supply curve and below price.
User Alhoseany
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