Total surplus in the market is equal to:1 pointthe number of producers.the number of consumers.the sum of consumer surplus and producer surplus.the difference between consumer surplus and producer surplus.

Consumer surplus equals the: A. value to buyers plus the amount paid by buyers B. value to buyers less the amount paid by buyers C. amount received by sellers less the costs of sellers D. amount received by sellers plus the costs of sellers

onsumer surplus plus producer surplus is equal to:willingness-to-sell.marginal cost.total surplus.willingness-to-pay.

Another way to describe consumer surplus is

Consumer surplus is represented by the area:below the market price and below the demand curve.above the market price and above the demand curve.below the market price and above the demand curve.above the market price and below the demand curve.

Consumer surplus in a market for a product would be equal to ________ if the market price was zero.Group of answer choiceszerothe area between the supply curve and the demand curvethe area above the supply curvethe area under the demand curve