At Market Equilibrium, the Total (Not Net) Benefit That Results

question 58

Multiple Choice

At market equilibrium, the total (not net) benefit that results from all the transactions is

• A)The consumer surplus minus the producer surplus
• B)The producer surplus minus the consumer surplus
• C)The sum of the producer surplus and the consumer surplus
• D)The entire area under the demand curve up to the quantity exchanged

---

Definitions:

Mini-Cog Test

A brief screening tool used to evaluate cognitive function, particularly to screen for signs of dementia or Alzheimer's disease; it involves memory and clock drawing tests.

Snake Phobia

An intense, irrational fear of snakes, medically known as ophidiophobia.

Inappropriate Affect

A behavioral condition where an individual’s emotional expression is not congruent with the situation or their underlying emotional state.

Schizophrenia

A mental disorder characterized by disruptions in thought processes, perceptions, emotional responsiveness, and social interactions.