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    Exam 5: Efficiency and Equity
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    When a Market Is in Equilibrium, the Total Amount of Consumer
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When a Market Is in Equilibrium, the Total Amount of Consumer

Question 171

Question 171

Multiple Choice

When a market is in equilibrium, the total amount of consumer surplus must be ________ the total amount of producer surplus.


A) larger than
B) equal to
C) less than
D) None of the above answers are correct.

Correct Answer:

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