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    Exam 7: Market Efficiency and Welfare
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    ​Exhibit 7-6 -Refer to Exhibit 7-6. If the Market Is in Equilibrium
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​Exhibit 7-6 -Refer to Exhibit 7-6. If the Market Is in Equilibrium

Question 83

Question 83

Multiple Choice

​Exhibit 7-6 ​Exhibit 7-6   -Refer to Exhibit 7-6. If the market is in equilibrium and then the government imposes a price floor equal to P<sub>1</sub>, buyers lose consumer surplus equal to area:​ A) ​C + D + F. B) ​B + C + E + F. C) ​E + F. D) ​B + E.
-Refer to Exhibit 7-6. If the market is in equilibrium and then the government imposes a price floor equal to P1, buyers lose consumer surplus equal to area:​


A) ​C + D + F.
B) ​B + C + E + F.
C) ​E + F.
D) ​B + E.

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