Adverse selection occurs when a sales offer attracts the kinds of customers that the seller does not want

Suppose you're willing to tutor a student for $10 an hour. The student pays you $15 an hour. What is your producer surplus?

A) $5 an hour B) $10 an hour C) $15 an hour D) $25 an hour E) More than $25 an hour

The total amount of consumer surplus in a market is equal to the area below the demand curve

Indicate whether the statement is true or false