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Figure 7-5 -Refer to Figure 7-5. If the Supply Curve Is S

Question 7

Multiple Choice

Figure 7-5
Figure 7-5 -Refer to Figure 7-5. If the supply curve is S, the demand curve is D, and the equilibrium price is $100, what is the producer surplus? A) $625 B) $1,250 C) $2,500 D) $5,000
-Refer to Figure 7-5. If the supply curve is S, the demand curve is D, and the equilibrium price is $100, what is the producer surplus?


A) $625
B) $1,250
C) $2,500
D) $5,000

Correct Answer:

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