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Graph 7-5 -In Graph 7-5, at the Quantity Q₂

Question 112

Multiple Choice

Graph 7-5 Graph 7-5 -In Graph 7-5, at the quantity Q₂: A) the market is in equilibrium B) willingness to pay is greater than willingness to sell C) consumer surplus plus producer surplus is maximised D) willingness to pay is less than willingness to sell
-In Graph 7-5, at the quantity Q₂:


A) the market is in equilibrium
B) willingness to pay is greater than willingness to sell
C) consumer surplus plus producer surplus is maximised
D) willingness to pay is less than willingness to sell

Correct Answer:

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