The term "surplus" in the context of consumer surplus and producer surplus should not be confused with its generally used idea related to excess supply of a good in a market. The term 'surplus in the contest of consumer surplus and producer surplus is Select one: Qa. All of these statements are true O b. an another term for excess demand in the market. c. a way of measuring who benefits from transactions and by how much. d, an another term for excess supply in the market. Question: If government offers subsidy on buyers, each unit is more affordable to buyers and so Select one: a. the demand curve will shift down. b. the supply curve will shift up. c the supply curve will shift down. the demand curve will shift up, ees from a keeper's hive can pollinate fruit trees for many surrounding orchards. herefore, the production of honey: elect one: a. generates a positive externality and should be encouraged through subsidies. b. generates a positive externality, however resources are correctly allocated in this market. X C. generates a negative externality and should be discouraged through taxes. d. needs no government intervention. Beekeepers reap all private benefits