Question: Question 24 O Mark this question Which statement below about producer surplus is NOT true? O Producer surplus is a similar concept to consumer surplus.

Question 24 O Mark this question Which statement below about producer surplus is NOT true? O Producer surplus is a similar concept to consumer surplus. O Producer surplus is basically the same as profit. Producer surplus represents the revenue generated from sales over and above the minimum O price at which sellers are willing to sell. When producer surplus drops to zero, firms stop producing

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5. It is the needs of the individual that are important.

6. It is what the person has previously done for the group that is the deciding factor.

3. It is the commitment you show that is the deciding factor.