Question

on a graph, which of the following best describes producer surplus? the area below the equilibrium price and above the supply curve the area between the supply and demand curves the area to the right of the equilibrium price the area above the equilibrium price and below the demand curve

Explanation:

Producer surplus represents the extra benefit producers gain by selling at the equilibrium price, which is higher than their minimum acceptable price (shown by the supply curve). Graphically, this is the region bounded by the equilibrium price line (above) and the supply curve (below).

Answer:

the area below the equilibrium price and above the supply curve