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    Exam 3: The Concept of Elasticity and Consumer and Producer Surplus
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    The Value of the Market to Society Is
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The Value of the Market to Society Is

Question 102

Question 102

Multiple Choice

The value of the market to society is


A) the consumer surplus it generates.
B) the producer surplus it generates.
C) the sum of the producer and consumer surpluses.
D) consumer surplus minus producer surplus.

Correct Answer:

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