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Which of the Following Is Correct

Question 37

Multiple Choice

Which of the following is correct?


A) Consumer surplus refers to a situation in which there are more buyers than sellers in a market.
B) Producer surplus refers to a situation in which there are more sellers than buyers in a market.
C) Total surplus is measured as the area below the demand curve and above the supply curve,up to the equilibrium quantity.
D) All of the above are correct.

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