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    Modern Principles Microeconomics
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    Exam 3: Supply and Demand
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    Use the Following to Answer Questions
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Use the Following to Answer Questions

Question 121

Question 121

Multiple Choice

Use the following to answer questions:
Figure: Producer Surplus Use the following to answer questions: Figure: Producer Surplus   -(Figure: Producer Surplus)  In the diagram, if the market price of coffee is $4, how much producer surplus do suppliers earn? A)  $15 B)  $45 C)  $20 D)  $22.50
-(Figure: Producer Surplus) In the diagram, if the market price of coffee is $4, how much producer surplus do suppliers earn?


A) $15
B) $45
C) $20
D) $22.50

Correct Answer:

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