74.9k views
3 votes
Producers' surplus is __________.

O the difference between the price a seller receives for a good and the price a buyer pays for the good.
O equal to price times quantity sold.
O equal to the seller's minimum price and the buyer's maximum price.
O the difference between the price a seller receives for a good and the minimum price for which he would have sold the good.
O the difference between the price a buyer pays for a good and the highest price he would have paid for the good.

User Natim
by
7.5k points

1 Answer

3 votes

Answer:

the difference between the price a seller receives for a good and the minimum price for which he would have sold the good.

Step-by-step explanation:

Producer surplus is the difference between the price a seller sells her goods and the least price she would be willing to sell her goods.

Consumer surplus is the difference between the price a buyer pays for a good and the highest price he would have paid for the good.

I hope my answer helps you

User Abhishek Patidar
by
7.8k points