Answered: When a market is in equilibrium, the…

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Economics

When a market is in equilibrium, the total amount of consumer surplus must be the total amount of producer surplus.

Macroeconomics

13th Edition

ISBN:9781337617390

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter3: Supply And Demand: Theory

Section: Chapter Questions

Problem 5WNG

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When a market is in equilibrium, the total amount of consumer surplus must be
the total
amount of producer surplus.

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