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  3. Study Set
    Principles of Economics Study Set 8
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    Exam 7: Consumers, Producers, and the Efficiency of Markets
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    Figure 7-14 ​
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Figure 7-14 ​

Question 215

Question 215

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Figure 7-14
Figure 7-14    ​ -Refer to Figure 7-14. Suppose there is initially a price ceiling set at $4 in this market. If the government removed the price ceiling, by how much would total producer surplus change? ​
-Refer to Figure 7-14. Suppose there is initially a price ceiling set at $4 in this market. If the government removed the price ceiling, by how much would total producer surplus change?

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