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    Exploring Economics
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    Exam 7: Market Efficiency and Welfare
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    Exhibit 7-3 Refer to Exhibit 7-3
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Exhibit 7-3 Refer to Exhibit 7-3

Question 99

Question 99

Multiple Choice

Exhibit 7-3 Exhibit 7-3   Refer to Exhibit 7-3.What is the sum of consumer surplus and producer surplus for the 10<sup>th</sup> unit bought/sold? A)  $3.50 B)  $5.00 C)  $6.25 D)  $25.00 Refer to Exhibit 7-3.What is the sum of consumer surplus and producer surplus for the 10th unit bought/sold?


A) $3.50
B) $5.00
C) $6.25
D) $25.00

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