Producer Surplus Is Defined as the

question 32

Multiple Choice

Producer surplus is defined as the

• A) difference between the willingness to pay for a good and the willingness to sell it.
• B) difference between the price the seller receives and the willingness to sell it.
• C) difference between the willingness to pay for a good and the price paid to get it.
• D) quantity of units that consumers want to buy at the market price.
• E) total revenue earned from producing and selling some good.