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    Microeconomics Study Set 10
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    Exam 5: Efficiency
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    Surplus Refers To
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Surplus Refers To

Question 38

Question 38

Multiple Choice

Surplus refers to:


A) a way of measuring who benefits from transactions and by how much.
B) the difference between the price the buyer would have paid and the actual price paid.
C) the difference between the price the seller would have accepted and the actual sell price.
D) All of these statements are true.

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