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    Principles of Microeconomics
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    Exam 7: Consumers, producers, and the Efficiency of Markets
  5. Question
    Figure 7-5 -Refer to Figure 7-5.What Area Represents Total Surplus in the Total
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Figure 7-5 -Refer to Figure 7-5.What Area Represents Total Surplus in the Total

Question 20

Question 20

Multiple Choice

Figure 7-5
Figure 7-5    -Refer to Figure 7-5.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 Figure 7-5.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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