?

AP® Microeconomics

Free Version

Upgrade subject to access all content

Easy

Producer Surplus: Calculation

APMICR-XS1XIU

Ollivander sells a wand for \$100, but he would have sold it for \$75.

What is the amount of his producer surplus?

A

\$0

B

\$25

C

\$50

D

\$75

E

\$100