Question

The total of consumer plus producer surplus is greatest A) when consumer surplus is maximized. B) when producer surplus is maximized

Answer 1

neither A or B are correct.

The sum of consumer surplus plus supplier surplus maximizes at the equilibrium point.

Step-by-step explanation:

At equilibrium point, there should be no deadweight loss which is what actually decreases total consumer and supplier surplus. It doesn't mean that consumer surplus is equal to supplier surplus, it only means that their sum is maximized.