Producer Surplus Is the Difference Between

question 1

Multiple Choice

Producer surplus is the difference between

• A) the maximum prices consumers are willing to pay for a product and the lower equilibrium price.
• B) the quantity supplied and quantity demanded at an above equilibrium price.
• C) the minimum prices producers are willing to accept for a product and the higher equilibrium price.
• D) the maximum prices consumers are willing to pay for a product and the minimum prices producers are willing to accept.