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Assuming the Market Is in Equilibrium in the Graph Shown

Question 76

Multiple Choice

Assuming the market is in equilibrium in the graph shown with demand D and supply S<sub>2 </sub>at a quantity of 8,producer surplus is: A) 28 B) less than the consumer surplus. C) 16 D) $32. Assuming the market is in equilibrium in the graph shown with demand D and supply S2 at a quantity of 8,producer surplus is:


A) 28
B) less than the consumer surplus.
C) 16
D) $32.

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