594EconomicsMedium
Producer surplus is the area?
Aabove the demand curve and below the price
Babove the supply curve and below the price
Cbelow the supply curve and above the price
Dbelow the demand curve and above the supply curve
Ebelow the demand curve and above the price
Correct answer
A. above the demand curve and below the price
Explanation
The correct answer is above the demand curve and below the price.