Business, 14.10.2021 01:00 danessaporter

Producer surplus: a. is the difference between the maximum price consumers are willing to pay for a product and the lower equilibrium price.
b. rises as equilibrium price falls.
c. is the difference between the maximum price consumers are willing to pay for a product and the minimum price producers are willing to accept.
d. is the difference between the minimum price producers are willing to accept for a product and the higher equilibrium price.

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Producer surplus: a. is the difference between the maximum price consumers are willing to pay for...

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