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  3. Study Set
    Principles of Microeconomics
  4. Exam
    Exam 7: Consumers, Producers, and the Efficiency of Markets.
  5. Question
    Figure 7-9 -Refer to Figure 7-9.If the Supply Curve Is S',the Demand
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Figure 7-9 -Refer to Figure 7-9.If the Supply Curve Is S',the Demand

Question 387

Question 387

Multiple Choice

Figure 7-9
Figure 7-9    -Refer to Figure 7-9.If the supply curve is S',the demand curve is D,and the equilibrium price is $150,what is the producer surplus? A)  $625 B)  $1,250 C)  $2,500 D)  $5,000
-Refer to Figure 7-9.If the supply curve is S',the demand curve is D,and the equilibrium price is $150,what is the producer surplus?


A) $625
B) $1,250
C) $2,500
D) $5,000

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