Which of the following statements about economic surplus is FALSE?
A)Economic surplus equals marginal benefit minus marginal cost.
B)Economic surplus is the area below the supply curve, above the demand curve, and to the right of quantity sold.
C)Economic surplus is the area between the supply curve and the demand curve to the left of quantity sold.
D)Economic surplus is consumer surplus plus producer surplus.

Question

Quizplus · Accepted Answer

The Answer of Which of the following statements about economic surplus is FALSE?
A)Economic surplus equals marginal benefit minus marginal cost.
B)Economic surplus is the area below the supply curve, above the demand curve, and to the right of quantity sold.
C)Economic surplus is the area between the supply curve and the demand curve to the left of quantity sold.
D)Economic surplus is consumer surplus plus producer surplus.

Which of the Following Statements About Economic Surplus Is FALSE