Multiple Choice
Figure 3-20
-Refer to Figure 3-20. If 40 units of the good are being bought and sold, then
A) cost to sellers is equal to the value to buyers.
B) the value to buyers is greater than the cost to sellers.
C) the cost to sellers is greater than the value to buyers.
D) producer surplus would be greater than consumer surplus.
Correct Answer:
Verified
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