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Question 3 (1 point] Which of the following statements is TRUE: Given a market with standard demand and supply curves, if a consumer's willingness- to-pay
Question 3 (1 point] Which of the following statements is TRUE: Given a market with standard demand and supply curves, if a consumer's willingness- to-pay is greater than a supplier's cost, If "j a transaction between them will increase total surplus (""3 a transaction between them will always increase both consumer and producer surplus equally If" "1' a transaction between them cannot increase both consumer and producer surplus If i} there will be no transaction between them in equilibrium
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