Producers' Surplus Is

Multiple Choice

Producers' surplus is

A) the difference between the price a buyer pays for a good and the highest price he would have paid for the good.
B) the difference between the price a seller receives for a good and the minimum price for which he would have sold the good.
C) the difference between the price a seller receives for a good and the price a buyer pays for the good.
D) equal to price times quantity sold.
E) equal to the seller's minimum price and the buyer's maximum price.