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  3. suppose that the market price of a good is$22, and

Suppose that the market price of a good is$22, and the equilibrium price is$25. Compared...

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Question

Economics

Suppose that the market price of a good is

$22

, and the equilibrium price is

$25

. Compared to the market equilibrium: consumer surplus issmaller, and deadweight loss is larger. consumer surplus is larger,and deadweight loss is smaller. producer surplus is smaller, anddeadweight loss is larger. producer surplus is smaller, anddeadweight loss is smaller.

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