Multiple Choice
Figure 9.3
-Refer to Figure 9.3. If the market is in equilibrium, total consumer and producer surplus is
A) $0.
B) $4.
C) $5.
D) $600.
E) $800.
Correct Answer:
Verified
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Q25: Consider the following statements when answering this
Q26: Price ceilings:
A) cause quantity to be higher