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    Principles of Economics Study Set 8
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    Exam 7: Consumers, Producers, and the Efficiency of Markets
  5. Question
    Figure 7-9 -Refer to Figure 7-9. If the Price Were P<sub>3</sub>, Consumer
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Figure 7-9 -Refer to Figure 7-9. If the Price Were P3, Consumer

Question 217

Question 217

Multiple Choice

Figure 7-9
Figure 7-9    -Refer to Figure 7-9. If the price were P<sub>3</sub>, consumer surplus would be represented by the area A) A. B) A+B+C. C) D+H+F. D) A+B+C+D+H+F.
-Refer to Figure 7-9. If the price were P3, consumer surplus would be represented by the area


A) A.
B) A+B+C.
C) D+H+F.
D) A+B+C+D+H+F.

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