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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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    Table 7-17 -Refer to Table 7-17. Both the Demand Curve and the Demand
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Table 7-17 -Refer to Table 7-17. Both the Demand Curve and the Demand

Question 99

Question 99

Multiple Choice

Table 7-17
Table 7-17    -Refer to Table 7-17. Both the demand curve and the supply curve are straight lines. At equilibrium, producer surplus is A)  $24. B)  $32. C)  $48. D)  $64.
-Refer to Table 7-17. Both the demand curve and the supply curve are straight lines. At equilibrium, producer surplus is


A) $24.
B) $32.
C) $48.
D) $64.

Correct Answer:

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