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The graph below represents the market for almonds.The equilibrium price is $7 per bushel, but a price floor of $10 per bushel is in effect.Identify
The graph below represents the market for almonds.The equilibrium price is $7 per bushel, but a price floor of $10 per bushel is in effect.Identify the area representing consumer surplus, producer surplus, and deadweight loss at the equilibrium price of $7 and at the minimum price of $10.You do not need to calculate the size of the areas; use the area's letter from the graph to represent that area.
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