Which of the Following Equations Is Not Valid

question 74

Multiple Choice

Which of the following equations is not valid?

• A) Consumer surplus = Value to buyers - Amount paid by buyers
• B) Producer surplus = Amount received by sellers - Cost to sellers
• C) Total surplus = Value to buyers - Amount paid by buyers + Amount received by sellers - Costs of sellers
• D) Total surplus = Value to sellers - Cost to sellers

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Definitions:

Price Level

A summarial mean of present prices for goods and services in the broad economy.

Unemployment

The situation when individuals who are capable of working and are looking for a job cannot find employment.

U.S. Newspapers

Print or digital publications in the United States that provide news, analysis, opinion, and features on a variety of topics.

Money Supply

The complete aggregation of monetary assets within an economy at a particular point, including cash, coins, and the funds in checking and savings accounts.