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    Principles of Macroeconomics Study Set 8
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    Exam 7: Consumers Producers and the Efficiency of Markets: Part A
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    Figure 7-34 -Refer to Figure 7-34.Suppose There Is Initially a Price Ceiling
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Figure 7-34 -Refer to Figure 7-34.Suppose There Is Initially a Price Ceiling

Question 11

Question 11

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Figure 7-34 Figure 7-34   -Refer to Figure 7-34.Suppose there is initially a price ceiling set at $4 in this market.How much is total producer surplus with the price ceiling in place?
-Refer to Figure 7-34.Suppose there is initially a price ceiling set at $4 in this market.How much is total producer surplus with the price ceiling in place?

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