Total surplus is:
A)the sum of consumer and producer surplus.
B)measured as the area between the supply and demand curves from their beginnings to their ends.
C)the total net gain to consumers from trading in the market.
D)the total net gain to producers from trading in the market.

Question

Quizplus · Accepted Answer

Total surplus is the sum of consumer surplus and producer surplus. It represents the total net gain to both consumers and producers from trading in the market. It is measured as the area between the supply and demand curves from their beginnings to their ends.

Total Surplus Is