Producer Surplus Is the Difference Between

Multiple Choice

Producer surplus is the difference between

A) the maximum prices consumers are willing to pay for a product and the lower equilibrium price.
B) the quantity supplied and quantity demanded at an above equilibrium price.
C) the minimum prices producers are willing to accept for a product and the higher equilibrium price.
D) the maximum prices consumers are willing to pay for a product and the minimum prices producers are willing to accept.