The Difference Between the Total Willingness to Pay for a Good

Multiple Choice

The difference between the total willingness to pay for a good and the amount actually spent measures:

A) the total benefits from consuming the good.
B) the net gain from the production and consumption of the good.
C) the amount by which producers are better off, i.e., producers' surplus.
D) the amount by which consumers are better off, i.e., consumers' surplus.