The total of consumer plus producer surplus is ________ at the market equilibrium.
A) greatest
B) smallest
C) zero
D) negative

Question

Quizplus · Accepted Answer

At market equilibrium, the allocation of goods is at its most efficient because the amount of goods being supplied is exactly equal to the amount of goods being demanded. This means that both consumer and producer surplus are maximized, leading to the greatest total surplus.

The Total of Consumer Plus Producer Surplus Is ________ at the Market