The Sum of the Economic Surpluses Accruing to Buyers and Sellers

question 91

Multiple Choice

The sum of the economic surpluses accruing to buyers and sellers is:

• A)producer surplus.
• B)equal to profit.
• C)total economics surplus.
• D)consumer surplus.

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Definitions:

Techniques

Specific methods or ways of doing something to achieve a task or goal, often associated with a particular field or skill set.

Adhesives

Substances applied to one surface or both surfaces of two separate items that binds them together and resists their separation.

Origami

The traditional Japanese art or technique of folding paper into a variety of decorative or representational forms.

Folds

Folds are bends or creases in a material made by doubling it over itself or by compressing.