Which of the following is not equal to total surplus?
A) consumer surplus - producer surplus
B) buyers' willingnesses to pay - sellers' costs
C) value to buyers - amount paid by buyers + amount received by sellers - cost to sellers
D) value to buyers - cost to sellers

Question

Quizplus · Accepted Answer

Total surplus is equal to the sum of consumer surplus and producer surplus. Option A subtracts producer surplus from consumer surplus, which is not equal to total surplus.

Which of the Following Is Not Equal to Total Surplus