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23. Which one of the following it the total economic well-being to society? Consumer surplus minus the producer surplus. Ratio of consumer surplus to producer

23. Which one of the following it the total economic well-being to society?

  1. Consumer surplus minus the producer surplus.
  2. Ratio of consumer surplus to producer surplus.
  3. Total gains to consumers, producers and the government.
  4. Consumer surplus plus producer surplus.

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