Multiple Choice
(Figure: Producer Surplus and Supply) Look at the figure Producer Surplus and Supply.The difference between the total revenue received by sellers and their total cost is called _____,which is depicted by area _____ if the amount sold is E.
A) consumer surplus;ABD
B) producer surplus;0BDE
C) profit;ABD
D) producer surplus;ABD
Correct Answer:

Verified
Correct Answer:
Verified
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