Total Surplus in a Market Is Equal to

question 120

Multiple Choice

Total surplus in a market is equal to

• A)Value to buyers - Amount paid by buyers.
• B)Amount received by sellers - Costs of sellers.
• C)Value to buyers - Costs of sellers.
• D)Amount received by sellers - Amount paid by buyers.

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Definitions:

Yeast

A fungus that grows mainly as a single-celled organism and reproduces by budding.

Centrifuge

A machine that uses centrifugal force to separate substances of different densities or liquids from solids.

Glucometer

A medical device used for estimating the concentration of glucose in the blood, important for diabetes management.

Photometer

An instrument that measures light intensity.