Surplus is:
A) a measure of the value that buyers and sellers get from participating in a market
B) maximized for individuals whose reservation price equals the market price.
C) negative for those who do not participate in a market.
D) All of these are true.

Question

Quizplus · Accepted Answer

Surplus refers to the benefit or value that buyers and sellers receive from participating in a market, typically measured as consumer surplus and producer surplus.

Surplus Is