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Figure 7-14 -Refer to Figure 7-14.If the Market Price Increases to $130

Question 2

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Figure 7-14 Figure 7-14 -Refer to Figure 7-14.If the market price increases to $130 due to an increase in demand,then producer surplus is A) $1,800. B) $900. C) $975. D) $1,950.
-Refer to Figure 7-14.If the market price increases to $130 due to an increase in demand,then producer surplus is


A) $1,800.
B) $900.
C) $975.
D) $1,950.

Correct Answer:

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