Answer:
C) below the price and above the supply curve.
Explanation:
In a graph, producer surplus is the area above the supply curve and below the equilibrium price. Producer (or supplier) surplus represents the difference between the price at which a producer is willing and able to sell its products or services and the actual equilibrium price.
Consumer surplus is the area below the demand curve and above the equilibrium price, and it represents the difference between price that consumers are willing and able to pay for a product or service and its actual price.
Total economic surplus = producer surplus + consumer surplus
