Use the following to answer questions:
Figure: The Market for Sandwiches
-(Figure: The Market for Sandwiches) Look at the figure The Market for Sandwiches. 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

Question

Use the following to answer questions:
Figure: The Market for Sandwiches 
-(Figure: The Market for Sandwiches) Look at the figure The Market for Sandwiches. 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

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The Answer of Use the following to answer questions:
Figure: The Market for Sandwiches 
-(Figure: The Market for Sandwiches) Look at the figure The Market for Sandwiches. 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

Use the Following to Answer Questions