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Figure 7-22 -Refer to Figure 7-22.Assume Demand Increases,which Causes the Equilibrium Price

Question 120

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Figure 7-22 Figure 7-22 -Refer to Figure 7-22.Assume demand increases,which causes the equilibrium price to increase from $50 to $70.The increase in producer surplus due to new producers entering the market would be A) $400. B) $800. C) $1,200. D) $900.
-Refer to Figure 7-22.Assume demand increases,which causes the equilibrium price to increase from $50 to $70.The increase in producer surplus due to new producers entering the market would be


A) $400.
B) $800.
C) $1,200.
D) $900.

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