Total Surplus in a Market Is a Measure Of

Multiple Choice

Total surplus in a market is a measure of:

A) social welfare created by the market.
B) profits that accrue to the owners of firms in a particular market.
C) the rebates that consumers receive when they purchase certain goods or services.
D) excess inventory that remains at the end of a season.
E) planned inventory that a firm carries from one year to the next.