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The (inverse) demand for books is P = 60 Q and supply is given by P = Q. Which of the following statements is true?

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The (inverse) demand for books is P = 60 Q and supply is given by P = Q. Which of the following statements is true? Consumer surplus is 450. h. Consumer surplus equals producer surplus in this case. a Total surplus would rise if a price ceiling of 20 was imposed. d. a and b. e. None of the above

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