If Total Surplus Rises, Which of the Following Must Have

question 102

Essay

If total surplus rises, which of the following must have occurred?
A.There was an increase in demand and a decrease in supply.
B.There was an increase in demand or an increase in supply.
C.There was a decrease in demand and a decrease in supply.
D.There was a decrease in demand or an increase in supply.

---

Definitions:

Great Divide

Often refers to significant differences or inequalities between groups, regions, or countries, especially in the context of socio-economic status.

Economic Rent

A payment to a factor of production in excess of the costs needed to bring that factor into production, often associated with unique assets.

Stand-Up Comic

A performer who tells jokes and humorous stories to an audience, usually performing live on stage.

Assembly Line Worker

An individual employed in a manufacturing process where a product is assembled in a sequential manner using a conveyance or other mechanism to move items from workstation to workstation.