Total Surplus Equals

question 162

Multiple Choice

Total surplus equals:

• A) consumer surplus + producer surplus − deadweight loss.
• B) consumer surplus − producer surplus − deadweight loss.
• C) consumer surplus − producer surplus + deadweight loss.
• D) consumer surplus + producer surplus.

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Definitions:

HashMap< K,V >

A class in Java that implements the Map interface, storing keys and values in a hash table, allowing for quick lookup, addition, and deletion of pairs.

String

Represents a sequence of characters, used to store and manipulate text in programming languages.

ArrayIndexOutOfBoundsException

A runtime exception thrown in Java to indicate that an array has been accessed with an illegal index, either negative or beyond its size.

Vector

A collection class in Java that implements a dynamic array, allowing elements to be added or removed and providing methods to manipulate the data.