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    Exam 7: Market Efficiency and Welfare
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    ​Exhibit 7-7 -Refer to Exhibit 7-7. When the Price Is P<sub>2</sub>, the Is
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​Exhibit 7-7 -Refer to Exhibit 7-7. When the Price Is P2, the Is

Question 123

Question 123

Multiple Choice

​Exhibit 7-7 ​Exhibit 7-7   -Refer to Exhibit 7-7. When the price is P<sub>2</sub>, the consumer surplus is equal to area: A) ​A + B + C B) ​A C) ​A + B D) ​C
-Refer to Exhibit 7-7. When the price is P2, the consumer surplus is equal to area:


A) ​A + B + C
B) ​A
C) ​A + B
D) ​C

Correct Answer:

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