Consider a market with typically shaped linear supply and demand curves. Suppose that at the market equilibrium, elasticity of demand is equal to elasticity of supply, i.e.JED| = les|. Which of the...

Extracted text: Consider a market with typically shaped linear supply and demand curves. Suppose that at the market equilibrium, elasticity of demand is equal to elasticity of supply, i.e.JED| = les|. Which of the following is true? O a. Producer surplus is larger than consumer surplus. O b. Consumer surplus is larger than producer surplus. O c. Consumer and producer surplus are equal. O d. None of the other answers are correct.