Solved

-Refer to Exhibit 4-8

Question 43

Multiple Choice

-Refer to Exhibit 4-8.If the wheat market is in competitive equilibrium the producers' surplus will equal

A) area 1 + 2 + 3
B) area 1 + 2 + 4
C) area 3 + 5
D) area 1 + 2 + 3 + 4 + 5
E) area 6

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