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Refer to the Graph Shown

Question 79

Multiple Choice

Refer to the graph shown. Refer to the graph shown. If suppliers can restrict output from M to L, the price will: A) fall from PL to PM. B) fall from PM to PL. C) rise from PL to PM. D) rise from PM to PL. If suppliers can restrict output from M to L, the price will:


A) fall from PL to PM.
B) fall from PM to PL.
C) rise from PL to PM.
D) rise from PM to PL.

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