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Refer to the Graph Shown

Question 1

Multiple Choice

Refer to the graph shown. Refer to the graph shown. If suppliers can reduce output from M to L, consumer surplus is reduced by area(s) : A) A. B) A and B. C) B and D. D) A, B, and D. If suppliers can reduce output from M to L, consumer surplus is reduced by area(s) :


A) A.
B) A and B.
C) B and D.
D) A, B, and D.

Correct Answer:

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