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Figure 7-24 -Refer to Figure 7-24.If 4 Units of the Good Are

Question 38

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Figure 7-24 Figure 7-24 -Refer to Figure 7-24.If 4 units of the good are produced and sold,then A) producer surplus is greater than consumer surplus. B) consumer surplus is $16. C) total surplus is minimized. D) total surplus is not maximized.
-Refer to Figure 7-24.If 4 units of the good are produced and sold,then


A) producer surplus is greater than consumer surplus.
B) consumer surplus is $16.
C) total surplus is minimized.
D) total surplus is not maximized.

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