Total surplus:
A. is producer and consumer surplus combined.
B. is producer surplus minus consumer surplus.
C. is consumer surplus minus producer surplus.
D. is the total amount spent on a good in a market.
A. is producer and consumer surplus combined.
Economics
You might also like to view...
A lower interest rate ________ Ap and thus causes ________ the IS curve
A) raises, movement downward along B) lowers, movement upward along C) raises, a parallel rightward shift of D) lowers, a parallel leftward shift of
Economics
Health care makes up ________ of the U.S. economy
A) about 2 percent B) roughly 8 percent C) more than one-sixth D) almost two-thirds
Economics