Producer surplus is the gap between
- Athe consumer surplus from the good and the producers’ total cost in supplying the good.
- Bthe highest price that the consumer would be willing to pay for the good and the price the producer actually sold it for.
- Cthe lowest price that the producer would accept for the good and the price the producer actually sold it for.
- Dthe quantity that the producers manufacture in a week and the amount sold to consumers in that week.