Figure: The Market for Sandwiches
(Figure: The Market for Sandwiches) Look at the figure The Market for Sandwiches.Referring again to the market for sandwiches during the lunch hour at a local deli, suppose a price floor is set at $7.At this price, consumer surplus is equal to and producer surplus is
equal to _.
A.$64; $40
B.$64; $24
C.$32; $24
D.$32; $40
Correct Answer:
Verified
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