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    Principles of Microeconomics Study Set 1
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    Exam 7: Consumers, Producers, and the Efficiency of Markets
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    Which of the Following Equations Is Not Valid
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Which of the Following Equations Is Not Valid

Question 74

Question 74

Multiple Choice

Which of the following equations is not valid?


A) Consumer surplus = Value to buyers - Amount paid by buyers
B) Producer surplus = Amount received by sellers - Cost to sellers
C) Total surplus = Value to buyers - Amount paid by buyers + Amount received by sellers - Costs of sellers
D) Total surplus = Value to sellers - Cost to sellers

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