Home › Bihar Board Class 12 (Arts) › Economics › Simple Applications of Tools of Demand and Supply › How is aggregate consumers' surplus obtained?
How is aggregate consumers' surplus obtained?
ASumming every buyer's surplus
BAveraging all prices paid
CSubtracting cost from revenue
DDoubling the largest surplus
Answer & Solution
Correct answer: A. Summing every buyer's surplus
Adding up the individual surpluses of all buyers gives the market total.
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