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Tidy Tidy
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9 years ago
Economic surplus
A) does not exist when a competitive market is in equilibrium.
B) is equal to the sum of consumer surplus and producer surplus.
C) is the difference between quantity demanded and quantity supplied when the market price for a product is greater than the equilibrium price.
D) is equal to the difference between consumer surplus and producer surplus.
Textbook 
Essentials of Economics

Essentials of Economics


Edition: 4th
Authors:
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SydnieSydnie
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9 years ago
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