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    Modern Principles of Economics
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    Exam 4: Equilibrium: How Supply and Demand Determine Prices
  5. Question
    Figure: Supply and Demand 1 at a Market Quantity
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Figure: Supply and Demand 1 at a Market Quantity

Question 245

Question 245

Multiple Choice

Figure: Supply and Demand 1 Figure: Supply and Demand 1   At a market quantity of 5, the shaded region in the figure represents: A)  satisfied wants. B)  unexploited gains from trade. C)  the value of wasted resources. D)  willingness to pay. At a market quantity of 5, the shaded region in the figure represents:


A) satisfied wants.
B) unexploited gains from trade.
C) the value of wasted resources.
D) willingness to pay.

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