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    Business
  3. Study Set
    Foundations of Macroeconomics
  4. Exam
    Exam 6: Efficiency and Fairness of Markets
  5. Question
    -In the Above Figure,if the Market Is in Equilibrium,area a
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-In the Above Figure,if the Market Is in Equilibrium,area a

Question 190

Question 190

Multiple Choice

  -In the above figure,if the market is in equilibrium,area A + area B + area C equals A)  total surplus. B)  consumer surplus. C)  deadweight loss. D)  producer surplus. E)  total revenue.
-In the above figure,if the market is in equilibrium,area A + area B + area C equals


A) total surplus.
B) consumer surplus.
C) deadweight loss.
D) producer surplus.
E) total revenue.

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