Which of the following is not equal to total surplus?
A)consumer surplus - producer surplus
B)buyers' willingness 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

Consumer surplus minus producer surplus does not represent total surplus. Total surplus is the sum of consumer surplus and producer surplus, which is represented by the other options.

Which of the Following Is Not Equal to Total Surplus