Q4 Why does producer surplus arise?Consumers buy less of some commodities than they need.Sellers costs of production for some goods are less than the market price.Producers make more off some commodities than the consumers desire.Sellers manufacture more units of a good than consumers are willing to purchase.

Producer surplus is the excess benefit received by the producers of a good when they sell the good…

Answered: Why does producer surplus arise?…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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