(Figure: Interpreting Surplus) In the supply/demand graph: 
A) consumer surplus is $50,000 and producer surplus is $100,000.
B) total market surplus is $200,000.
C) total market surplus is $50,000.
D) consumer surplus exceeds producer surplus.
Correct Answer:
Verified
Q61: Total surplus is calculated as
A) consumer surplus
Q77: (Figure: Determining Surplus 3) In the graph,
Q78: (Figure: Understanding Surplus and Efficiency) In the
Q79: (Figure: Determining Surplus) In the graph, what
Q80: (Figure: Determining Surplus 4) In the graph,
Q80: Markets are efficient when
A) consumer surplus is
Q81: (Figure: Understanding Surplus and Efficiency) In the
Q83: If demand for a product rises, what
Q84: (Figure: Determining Surplus 6) Using the graph,
Q87: At equilibrium price:
A) consumer surplus is maximized
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