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Figure 7-17 -Refer to Figure 7-17.Suppose the Market Starts Out in Equilibrium

Question 89

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Figure 7-17 Figure 7-17 -Refer to Figure 7-17.Suppose the market starts out in equilibrium with demand curve D and supply curve S.Next,suppose demand shifts left so as to decrease the quantity demanded by 20 units at every price.What is the change in producer surplus as a result of this demand shift? A) $80 B) $160 C) $240 D) $320
-Refer to Figure 7-17.Suppose the market starts out in equilibrium with demand curve D and supply curve S.Next,suppose demand shifts left so as to decrease the quantity demanded by 20 units at every price.What is the change in producer surplus as a result of this demand shift?


A) $80
B) $160
C) $240
D) $320

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