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Economic Surplus and Efficiency
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Economic Surplus and Efficiency
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5. Consumer and Producer Surplus; Price Ceilings and Price Floors / Economic Surplus and Efficiency / Problem 7
Problem 7
Calculate the total surplus at equilibrium given consumer surplus of \$200 and producer surplus of \$300.
A
\$500
B
\$100
C
\$400
D
\$600
0
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