Assuming the Market Is in Equilibrium in the Graph Shown

question 90

Multiple Choice

Assuming the market is in equilibrium in the graph shown with demand D and supply S₁, total surplus is:

• A) greater than total surplus when market is in equilibrium at D and S₂.
• B) less than total surplus when market is in equilibrium at D and S₂.
• C) the same as total surplus when market is in equilibrium at D and S₂.
• D) zero.

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