Business, 07.03.2020 04:52 kaylynchalman

The total surplus in a market is the:.
a. surplus that accrues when a good is not scarce, defined as the total amount (if any) by which quantity supplied exceeds quantity demanded at a zero price.
b. sum of consumer surplus and producer surplus.
c. excess supply due to a price above the equilibrium price.
d. net benefit to consumers, defined as the excess of consumer surplus over producer surplus.

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The total surplus in a market is the:.
a. surplus that accrues when a good is not scarce, def...