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    International Economics Study Set 2
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    Exam 2: The Basic Theory Using Demand and Supply
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    Refer to Figure 2
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Refer to Figure 2

Question 40

Question 40

Multiple Choice

Refer to Figure 2.1 below. At a price of $70, the producer surplus equals: Refer to Figure 2.1 below. At a price of $70, the producer surplus equals:   A) $6,000,000. B) $8,000,000. C) $15,000,000. D) $30,000,000.


A) $6,000,000.
B) $8,000,000.
C) $15,000,000.
D) $30,000,000.

Correct Answer:

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