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Question 190

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Use the following to answer question: Use the following to answer question:   -(Figure: The Gains from Trade) Look at the figure The Gains from Trade.When demand increases from D<sub>1</sub> to D<sub>2</sub>,equilibrium total surplus: A) decreases by $10.00. B) increases by $12.75. C) decreases by $15.00. D) increases by $27.50.
-(Figure: The Gains from Trade) Look at the figure The Gains from Trade.When demand increases from D1 to D2,equilibrium total surplus:


A) decreases by $10.00.
B) increases by $12.75.
C) decreases by $15.00.
D) increases by $27.50.

Correct Answer:

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