Producer surplus is defined as the:difference between a price floor and the market price.gap between the supply curve and the market price.gap between the demand curve and the market price.difference between a price ceiling and the market price.

Producers surplus refers to the surplus that a producer of a commodity can obtain. The producers surplus is the difference between the producer's willingness to accept the price and the actual price they have received.

Producers surplus = Actual market price - Willingness to accept the price

Graphically, it is the area between the upper portion of supply curve and the market price.

anthougo anthougo · Answer 2 · 2022-06-18T20:39:04+02:00

Producer surplus is defined as the D. difference between a price ceiling and the market price.

What is producer surplus?

Producer surplus is the total revenue that a producer receives from selling their goods minus the total cost of production.

Producer surplus is the difference between the market price and the seller's production cost.

Thus, producer surplus is defined as the D. difference between a price ceiling and the market price.

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