Economics · Agricultural Economics
Which of the following is the correct definition of marketed surplus?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Marketed Surplus = Total farm produce - Previous years stock in the market
- 2Marketed Surplus = Total farm output produced by the farmer - Own consumption of farm output✓
- 3Marketed Surplus = Total supply of the market - Total demand
- 4Marketed Surplus = Total demand in the market - Total supply
Correct answer
Marketed Surplus = Total farm output produced by the farmer - Own consumption of farm output
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