When a market is in equilibrium, the total amount of consumer surplus must be ________ the total amount of producer surplus.
A) larger than
B) equal to
C) less than
D) None of the above answers are correct.

Question

Quizplus · Accepted Answer

In equilibrium, consumer surplus and producer surplus are not necessarily equal; their relative sizes depend on the specific demand and supply conditions.

When a Market Is in Equilibrium, the Total Amount of Consumer