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    Exam 3: Supply and Demand
  5. Question
    The Difference Between the Market Price and the Minimum Price
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The Difference Between the Market Price and the Minimum Price

Question 203

Question 203

Multiple Choice

The difference between the market price and the minimum price at which a seller is willing to sell a certain quantity of a good is:


A) producer shortage.
B) consumer shortage.
C) producer surplus.
D) consumer surplus.

Correct Answer:

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