Total Surplus in a Market Is Equal to

question 64

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:

Recognize

The act of identifying or acknowledging something as being valid or important.