Multiple Choice
The sum of the economic surpluses accruing to buyers and sellers is:
A) producer surplus.
B) equal to profit.
C) total economics surplus.
D) consumer surplus.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q86: Free entry of firms is a characteristic
Q87: The statement,"price directs resources across different sectors
Q88: Pat used to work as an aerobics
Q89: Chris was the business manager for a
Q90: Curly usually drives on the freeway to
Q92: If an individual consumer is willing to
Q93: Chris was the business manager for a
Q94: Suppose that in an effort to help
Q95: In a free market economy,the decisions of
Q96: Suppose the market for coffee is in