Multiple Choice
Use the following to answer questions:
Figure: The Market for Sandwiches
-(Figure: The Market for Sandwiches) Use Figure: The Market for Sandwiches.Suppose that a price floor is set at $7.At this price,consumer surplus is equal to _____ and producer surplus is equal to _____.
A) $64;$40
B) $64;$24
C) $32;$24
D) $32;$40
Correct Answer:

Verified
Correct Answer:
Verified
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