Question
Producer surplus is
represented on a graph by the area below the demand curve and above the supply curve.
the amount a seller is paid minus the cost of production.
also referred to as excess supply.
All of the above are correct.
represented on a graph by the area below the demand curve and above the supply curve.
the amount a seller is paid minus the cost of production.
also referred to as excess supply.
All of the above are correct.
Answers
GPT 3.5
All of the above are correct.