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Question 104

Multiple Choice

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 at the figure The Market for Sandwiches. Suppose a price floor is set at $7. At this price, consumer surplus is equal to _____ and producer surplus is equal to _____. A) $64; $40 B) $64; $24 C) $32; $24 D) $32; $40
-(Figure: The Market for Sandwiches) Look at the figure The Market for Sandwiches. Suppose a price floor is set at $7. At this price, consumer surplus is equal to _____ and producer surplus is equal to _____.


A) $64; $40
B) $64; $24
C) $32; $24
D) $32; $40

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