Multiple Choice
Use the following to answer question:
-(Figure: Consumer and Producer Surplus) Look at the figure Consumer and Producer Surplus.If the price is held above equilibrium,consumer surplus will be _____ if the market were in equilibrium and total surplus will be _____ if the market were in equilibrium.
A) greater than;less than
B) less than;the same as
C) greater than;the same as
D) less than;less than
Correct Answer:

Verified
Correct Answer:
Verified
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