Assuming the market is in equilibrium in the graph shown with demand D and supply S₂at a quantity of 8, producer surplus is: A) 28 B) less than the consumer surplus. C) 16 D) $32.

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The Answer of Assuming the market is in equilibrium in the graph shown with demand D and supply S₂at a quantity of 8, producer surplus is: A) 28 B) less than the consumer surplus. C) 16 D) $32.

Assuming the Market Is in Equilibrium in the Graph Shown