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Use the following figure to answer the question(s) bleow.Figure: Producer SurplusReference: Ref 3-5(Figure: Producer Surplus) In the diagram the market…

Use the following figure to answer the question(s) bleow.

Figure: Producer Surplus

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Reference: Ref 3-5

(Figure: Producer Surplus) In the diagram the market price of coffee is $4. How much producer surplus do suppliers earn?

   $22.50 $20  Incorrect $45 $15

 

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