Producer Surplus Is the

Multiple Choice

Producer surplus is the

A) difference between the quantity supplied and the quantity demanded when price is above equilibrium.
B) quantity of a good a producer cannot sell at the price he or she is asking.
C) difference between the quantity produced in the market at a given price and the amount produced by a single firm at that price.
D) difference between the market price of an item and what people are willing to pay.
E) difference between the market price and the minimum amount of money a producer will accept for his or her product.