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

Question 96

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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 would be A) $2,500. B) $900. C) $800. D) $1,600.
-Refer to Figure 7-22.Assume demand increases,which causes the equilibrium price to increase from $50 to $70.The increase in producer surplus would be


A) $2,500.
B) $900.
C) $800.
D) $1,600.

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