Question

Total surplus is a measure of the net benefits _____ achieve(s) when both consumers and producers are valued components of an economy.

a. consumersb. governmentc. societyd. producers

Answer 1

c. society

Step-by-step explanation:

Total surplus is the sum of producer surplus and consumer surplus.

Producer surplus is the difference between the least price a producer is willing to sell his product and the price he actually receives for his product.

Consumer surplus is the difference between the willingness to pay of a consumer and the price the consumer pays for the product.

I hope my answer helps you