Figure 7-16 -Refer to Figure 7-16.If the Price of the Good Is

question 3

Multiple Choice

Figure 7-16
-Refer to Figure 7-16.If the price of the good is $600,then

• A)consumer surplus is $800.
• B)consumer surplus is $900.
• C)producer surplus is $900.
• D)producer surplus is $1,000.

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