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Use the following to answer question: Use the following to answer question:   -(Figure: The Gains from Trade) Look at the figure The Gains from Trade.What is the total surplus in this market when the demand curve is D<sub>2</sub> and the market is in equilibrium? A) $31.25 B) $45.00 C) $62.50 D) $90.00
-(Figure: The Gains from Trade) Look at the figure The Gains from Trade.What is the total surplus in this market when the demand curve is D2 and the market is in equilibrium?


Definitions:

Mean

The arithmetic average of a set of numbers, calculated by adding up all the values and dividing by the number of values.

Pounds

A unit of weight commonly used in the United States and the United Kingdom, equivalent to 0.453592 kilograms.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values, indicating how spread out the values are around the mean.

Poker Winnings

The amount of money or profit gained from playing poker, often representing the difference between bets placed and payouts received.

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