Total Surplus in a Market Is Equal to

question 58

Multiple Choice

Total surplus in a market is equal to

• A)consumer surplus + producer surplus.
• B)value to buyers - amount paid by buyers.
• C)amount received by sellers - costs of sellers.
• D)producer surplus - consumer surplus.

---

Definitions:

Myelin Sheath

A fatty layer that encases the axons of many neurons, crucial for increasing the speed at which electrical impulses propagate along the nerve cells.

Multiple Sclerosis

A chronic autoimmune disease where the immune system attacks the protective covering of nerves, affecting the brain and spinal cord.

Degeneration

The process of deterioration or decline in the quality, functioning, or condition of a living organism or its parts, often leading to loss of abilities or health.

Glial Cells

Non-neuronal cells in the central and peripheral nervous systems that provide support and protection for neurons.