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    Foundations of Macroeconomics
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    Exam 6: Efficiency and Fairness of Markets
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    -In the Figure Above,suppose That $20 Is the Market Equilibrium
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-In the Figure Above,suppose That $20 Is the Market Equilibrium

Question 221

Question 221

Multiple Choice

  -In the figure above,suppose that $20 is the market equilibrium price.What is the amount of the consumer surplus? A)  $3,375 B)  $3,000 C)  $375 D)  150 units E)  $1,500
-In the figure above,suppose that $20 is the market equilibrium price.What is the amount of the consumer surplus?


A) $3,375
B) $3,000
C) $375
D) 150 units
E) $1,500

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