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