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    Economics-Microeconomics
  4. Exam
    Exam 5: Efficiency and Equity
  5. Question
    ________ Is the Value of a Good Minus the Price
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________ Is the Value of a Good Minus the Price

Question 232

Question 232

Multiple Choice

________ is the value of a good minus the price paid for it summed over the quantity bought.


A) Producer surplus
B) Consumer surplus
C) Surplus
D) Shortage

Correct Answer:

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