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Question 116

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Use the following to answer question: Use the following to answer question: -(Figure: Producer Surplus II) Look at the figure Producer Surplus II.If the price falls from P<sub>2</sub> to P<sub>1</sub>,producer surplus decreases by the area: A) LMK. B) P<sub>1</sub>K0. C) P<sub>2</sub>M0. D) P<sub>2</sub>P<sub>1</sub>KM.
-(Figure: Producer Surplus II) Look at the figure Producer Surplus II.If the price falls from P2 to P1,producer surplus decreases by the area:


A) LMK.
B) P1K0.
C) P2M0.
D) P2P1KM.

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