Producers' Surplus Is

question 40

Multiple Choice

Producers' surplus is

• A) the difference between the price a buyer pays for a good and the highest price he would have paid for the good.
• B) the difference between the price a seller receives for a good and the minimum price for which he would have sold the good.
• C) the difference between the price a seller receives for a good and the price a buyer pays for the good.
• D) equal to price times quantity sold.
• E) equal to the seller's minimum price and the buyer's maximum price.

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