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Minchanka [31]
3 years ago
15

Total surplus measures the_____________.

Business
1 answer:
cestrela7 [59]3 years ago
4 0

Answer: loss to buyers from paying higher prices plus the benefit to sellers from receiving lower prices.

Explanation:

Total surplus measures the maximum amount a buyer is willing to pay to ensure a smooth market flow plus the amount the seller is least able to sell a product as long as it's not below the cost price of that product.

Total surplus ensure the efficient running of a market and a better society overall.

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