Total Consumer Surplus in Equilibrium Is $_________________

question 53

Multiple Choice

Total consumer surplus in equilibrium is $_________________.Total producer surplus in equilibrium is $______________.The net gain to society created by the market for good X is $__________________.

• A)$100,820; $151,230; $252,050
• B)$151,230; $100,820; $252,050
• C)$252,050; 100,820; $352,870
• D)$352,870; $252,050; 151,230

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Definitions:

Friction

The friction experienced by one object or surface as it moves across another.

Serosanguineous Drainage

A type of wound discharge that is pale, red, and contains both clear serous fluid and red, bloody fluid.

Plasma

The liquid component of blood, which is a pale yellow fluid that carries blood cells and substances like nutrients and hormones throughout the body.

Red Cells

Erythrocytes or red blood cells are responsible for carrying oxygen from the lungs to the body's tissues and carbon dioxide from the tissues back to the lungs.