Graphically, consumer surplus is the area below the demand curve and above the equilibrium price, from zero to the quantity traded.
What is producer surplus?
This is known to be the difference that is said to exist between the price producers often gets from the sales of good or a service and the lowest price they are said to be willing and able to take.
Note that in graphical depiction of consumer surplus, it is found to be the area that is below the demand curve and above the equilibrium price, that is from zero to the quantity traded.
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