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Question 3

Multiple Choice

Use the following to answer question: Use the following to answer question: -(Figure: The Markets for Melons in Russia) Use Figure: The Market for Melons in Russia.Without trade,the country's producer surplus will equal area _____,and consumer surplus will equal area _____. A) ACJ;ABJ B) BCJ;ABJ C) ABJ;BCJ D) BJDK;ABJ
-(Figure: The Markets for Melons in Russia) Use Figure: The Market for Melons in Russia.Without trade,the country's producer surplus will equal area _____,and consumer surplus will equal area _____.


A) ACJ;ABJ
B) BCJ;ABJ
C) ABJ;BCJ
D) BJDK;ABJ

Correct Answer:

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