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    Principles of Economics
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    Exam 7: Consumers, Producers and the Efficiency of Markets
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    Graph 7-1 -Refer to Graph 7-1.What Area Represents Total Surplus in the Surplus
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Graph 7-1 -Refer to Graph 7-1.What Area Represents Total Surplus in the Surplus

Question 89

Question 89

Multiple Choice

Graph 7-1 Graph 7-1   -Refer to Graph 7-1.What area represents total surplus in the market when the price is P₁? A) A + B B) B + C C) C + D D) A + B + C + D
-Refer to Graph 7-1.What area represents total surplus in the market when the price is P₁?


A) A + B
B) B + C
C) C + D
D) A + B + C + D

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