110k views
1 vote
Which of the following equations is valid? Select one: a. Consumer surplus = Total surplus - Cost to sellers b. Producer surplus = Total surplus - Consumer surplus c. Total surplus = Value to buyers - Amount paid by buyers d. Total surplus = Amount received by sellers - Cost to sellers

User Timshutes
by
8.3k points

1 Answer

6 votes

Answer:

c.

Step-by-step explanation:

User Tin Bum
by
8.7k points