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spiderman13 spiderman13
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2 months ago

Producers' surplus is



▸

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



▸

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



▸

the difference between the price a seller receives for a good and the price a buyer pays for the good.



▸

equal to price times quantity sold.



▸

equal to the seller's minimum price and the buyer's maximum price.

Textbook 
Economics

Economics


Edition: 12th
Author:
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overlandtrailoverlandtrail
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the difference between the price a seller receives for a good and the minimum price for which he would have sold the good.
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spiderman13 Author
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You make an excellent tutor!
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Just got PERFECT on my quiz
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