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-In the Above Figure, the Market Is at Its Equilibrium

Question 14

Multiple Choice

-In the above figure, the market is at its equilibrium. Area A + area B is equal to A) total surplus. B) producer surplus. C) consumer surplus. D) total revenue. E) marginal benefit.
-In the above figure, the market is at its equilibrium. Area A + area B is equal to


A) total surplus.
B) producer surplus.
C) consumer surplus.
D) total revenue.
E) marginal benefit.

Correct Answer:

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