question\ngraphically positioned, where does producer surplus fall in relation to supply and demand?\nselect…

question\ngraphically positioned, where does producer surplus fall in relation to supply and demand?\nselect the correct answer below:\nabove the demand curve but under the price\nunder the demand curve but above the price\nabove the supply curve but under the price\nunder the supply curve but above the price

question\ngraphically positioned, where does producer surplus fall in relation to supply and demand?\nselect the correct answer below:\nabove the demand curve but under the price\nunder the demand curve but above the price\nabove the supply curve but under the price\nunder the supply curve but above the price

Answer

Brief Explanations:

Producer surplus is the difference between the price producers receive and the minimum - price they are willing to accept. Graphically, it is the area above the supply curve and below the market - equilibrium price.

Answer:

above the supply curve but under the price