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Assume the Market in the Graph Shown with Demand D

question 19

Multiple Choice

  Assume the market in the graph shown with demand D and supply S<sub>1</sub> is in equilibrium at a quantity of 5 units. Total surplus is: A)  $5. B)  $15. C)  $12.50. D)  $60. Assume the market in the graph shown with demand D and supply S1 is in equilibrium at a quantity of 5 units. Total surplus is:

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