The Sum of Consumer Surplus and Producer Surplus Is Equal

question 202

Multiple Choice

The sum of consumer surplus and producer surplus is equal to

• A)the deadweight loss.
• B)the economic surplus.
• C)zero.
• D)total profit.

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Definitions:

Gallbladder

A small organ situated beneath the liver, responsible for storing and concentrating bile.

Duodenum

The first section of the small intestine in most higher vertebrates, where a significant part of digestion occurs.

Bile

A digestive fluid produced by the liver, stored in the gallbladder, and secreted into the small intestine to aid in the digestion and absorption of fats.

Digestive System

The complex series of organs and glands responsible for the digestion and absorption of nutrients, as well as the elimination of waste products.