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:

Food Storage

The practice of keeping food in certain conditions to prevent spoilage, contamination, and to extend its shelf life.

Bile

Mixture of salts, pigments, and cholesterol produced in the liver, then stored and concentrated in the gallbladder; emulsifies fats when secreted into the small intestine.

Fats

Organic compounds consisting of triglycerides that are insoluble in water and serve as a major energy source for the body.

Carbohydrates

Organic compounds, consisting of carbon, hydrogen, and oxygen, that are broken down to release energy in the body, including sugars, starches, and cellulose.