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Graph 7-7 -Refer to Graph 7-7.Explain Why This Graph Verifies the Fact

Question 164

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Graph 7-7 Graph 7-7 -Refer to Graph 7-7.Explain why this graph verifies the fact that the market equilibrium (quantity) maximises the sum of producer and consumer surplus.
-Refer to Graph 7-7.Explain why this graph verifies the fact that the market equilibrium (quantity) maximises the sum of producer and consumer surplus.

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At quantities less than the equilibrium ...

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