Total consumer surplus can be measured for good x, Business Economics

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Total consumer surplus can be measured for good x

Total consumer surplus can be measured for good X by:

a) the sum of the individual consumer surpluses for all buyers of X.

b) the area above the demand curve for X and below the price of X.

c) the area bounded by the demand curve for X and the two axes.

d) the area above the supply curve for X.

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Business Economics: Total consumer surplus can be measured for good x

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