Figure 3-24 In Figure 3-24, Which of the Following Is True

question 434

Multiple Choice

Figure 3-24

In Figure 3-24, which of the following is true?

• A) At P3, consumer surplus and producer surplus are equal.
• B) At P2, consumer surplus is greater than producer surplus.
• C) At P1, consumer surplus is greater than producer surplus.
• D) At P1, consumer surplus and producer surplus are equal.

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