The Total Surplus Generated in a Market Is

Essay

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