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QUESTION 3 Assume that the market equilibrium occurs at price P . and quantity Q'. Which coordinate area represents producer surplus when a price ceiling

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QUESTION 3 Assume that the market equilibrium occurs at price P . and quantity Q'. Which coordinate area represents producer surplus when a price ceiling is set at P-? P a) S P2 (b) g (c) P1 [f) (d) e) D Q1 (b)(c)(d) (9)(d)(e) (a)(c)(f) (1)(c)(e)

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