The total surplus generated in a market is ______. ?

Question

a.) the excess supply due to the imposition of a price floor

b.) the surplus that exists when a good is not scarce, defined as the total amount (if any) by which quantity supplied exceeds quantity demanded at a zero price

c.) the net benefit to consumers, defined as the excess of consumer surplus over producer surplus

d.) the sum of consumer surplus and producer surplus

Answer 1

The sum of consumer surplus and producer surplus.