Total surplus is:
A.the difference between price and the cost to the seller.
B.the sum of consumer and producer surplus.
C.equal to the area below the demand curve.
D.determined by the costs for each producer and the benefits for each consumer.

Question

Quizplus · Accepted Answer

The Answer of Total surplus is:
A.the difference between price and the cost to the seller.
B.the sum of consumer and producer surplus.
C.equal to the area below the demand curve.
D.determined by the costs for each producer and the benefits for each consumer.

Total Surplus Is: A.the Difference Between Price and the Cost to the Seller