Producer surplus rev: 05_10_2018 Multiple Choice is the difference between the maximum price consumers are willing to pay for a product and the lower equilibrium price. rises as equilibrium price falls. is the difference between the maximum price consumers are willing to pay for a product and the minimum price producers are willing to accept. is the difference between the minimum price producers are willing to accept for a product and the higher equilibrium price.

D) Is the difference between minimum price producers are willing to accept higher the equilibrium price.

Explanation:

Producer Surplus is the difference between - minimum price producers are willing to accept for a product, & the market price. Graphically it is the  (triangular) area above the supply curve, & below the market price.

Higher the market price, higher is the consumer surplus.

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muslims control the north africa during the period of 1500 up

to 1800. they made a barrier to prevent further european exploration from

entering the africa from the north. however, the dutch ware still able to move

toward the interior with having south africa as one of the routes leading to

the east for trading with asia.