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Use the Following to Answer Questions 29-31

Question 3

Multiple Choice

Use the following to answer questions 29-31:
Figure 3.10 Use the following to answer questions 29-31: Figure 3.10 -(Figure 3.10) If the government mandates a price floor of $750, the area of consumer surplus: A) increases from A to A + B + C. B) decreases from A + B + C to A. C) increases from A to B + C. D) decreases from B + C to A.
-(Figure 3.10) If the government mandates a price floor of $750, the area of consumer surplus:


A) increases from A to A + B + C.
B) decreases from A + B + C to A.
C) increases from A to B + C.
D) decreases from B + C to A.

Correct Answer:

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