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  3. Study Set
    Principles of Microeconomics
  4. Exam
    Exam 7: Consumers, Producers, and the Efficiency of Markets.
  5. Question
    Figure 7-7 -Refer to Figure 7-7.If the Price of the Good Is
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Figure 7-7 -Refer to Figure 7-7.If the Price of the Good Is

Question 402

Question 402

Multiple Choice

Figure 7-7
Figure 7-7    -Refer to Figure 7-7.If the price of the good is $9.50,then producer surplus is A)  $2.50. B)  $6.50. C)  $8.00. D)  $10.00.
-Refer to Figure 7-7.If the price of the good is $9.50,then producer surplus is


A) $2.50.
B) $6.50.
C) $8.00.
D) $10.00.

Correct Answer:

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