What is the total surplus of a market?
A: the sum of consumer surplus and producer deficit
B: the sum of consumer surplus and producer surplus
C: the difference between the consumer surplus and producer surplus
D: the difference between the highest price that a consumer is willing to pay and the lowest price that a producer is willing to sell
A: the sum of consumer surplus and producer deficit
B: the sum of consumer surplus and producer surplus
C: the difference between the consumer surplus and producer surplus
D: the difference between the highest price that a consumer is willing to pay and the lowest price that a producer is willing to sell
举一反三
- If the price of oak lumber increases, what happens to consumer<br/>surplus in the market for oak cabinets? () A: Consumer<br/>surplus increases. B: Consumer<br/>surplus decreases. C: Consumer<br/>surplus will not change consumer surplus; only producer surplus<br/>changes. D: Consumer<br/>surplus depends on what event led to the increase in the price of oak<br/>lumber.
- 【单选题】If the price decreases in a country, what will happen? ( ) A. consumer surplus declines B. consumer surplus rises C. producer surplus declines D. both B and C A. consumer s
- Producer surplus is equal to: A: the difference between the highest market price consumers are willing to pay for a product and the minimum amount producers are willing to accept for that product. B: the difference between the market price consumers are willing to pay for a product and the actual price they pay. C: the price a producer receives for a product minus the marginal cost of production. D: the economic profit earned from the sale of a good, minus its marginal cost of production.
- how much is consumer surplus and producer surplus respectively？ A: 8、8 B: 2、8 C: 8、16 D: 4、16
- A tariff is imposed on a good. This will ________ the domestic producer surplus, ________ the domestic consumer surplus, and ________ total surplus in the home country. A: increase; decrease; decrease B: increase; decrease; increase C: increase; remain unchanged; increase D: increase; increase; increase