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Question 208

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Use the following to answer questions:
Figure: The Market for Sandwiches Use the following to answer questions: Figure: The Market for Sandwiches -(Figure: The Market for Sandwiches) Look again at the figure The Market for Sandwiches. How much total surplus would be lost if there were a quota of eight sandwiches that could be legally exchanged at a price of $5? A) $3 B) $72 C) $27 D) $32
-(Figure: The Market for Sandwiches) Look again at the figure The Market for Sandwiches. How much total surplus would be lost if there were a quota of eight sandwiches that could be legally exchanged at a price of $5?


A) $3
B) $72
C) $27
D) $32

Correct Answer:

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