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AP® Microeconomics

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Moderate

Producer Surplus: Candy

APMICR-GRXJB7

Which of the following is an example of producer surplus?

A

Producers sell higher quantities of candy during October because of Halloween.

B

When the price of candy corn is \$1 a bag, the quantity demanded is 15,000 while the quantity supplied is 12,000.

C

When the price of gummy bears is \$3 a bag, the quantity supplied is 25,000 and the quantity demanded is 17,000.

D

A buyer purchases a bag of licorice for \$2, but she would have paid \$2.50.

E

Chocolate-covered pretzels are sold in a candy store for \$7.50 a pound even though low costs mean they could be sold for \$2 a pound.