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QUESTION
Compare a market operating at a quantity lower than equilibrium with the same market operating at the equilibrium quantity. Which of the following
Compare a market operating at a quantity lower than equilibrium with the same market operating at the equilibrium quantity. Which of the following statements are true?
a.) the economic surplus is greater at the equilibriumquantity
b) teh producer surplus is greater at the equilibrium quantity
c.) its unclear if the consumer surplus is greater or less at the equilibrium quantity
