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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
  5. Question
    Figure 7-6 -Refer to Figure 7-6. When the Price Falls from P<sub>2</sub>
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Figure 7-6 -Refer to Figure 7-6. When the Price Falls from P2

Question 144

Question 144

Multiple Choice

Figure 7-6
Figure 7-6    -Refer to Figure 7-6. When the price falls from P<sub>2</sub> to P<sub>1</sub>, producer surplus A) decreases by an amount equal to C. B) decreases by an amount equal to A+B. C) decreases by an amount equal to A+C. D) increases by an amount equal to A+B.
-Refer to Figure 7-6. When the price falls from P2 to P1, producer surplus


A) decreases by an amount equal to C.
B) decreases by an amount equal to A+B.
C) decreases by an amount equal to A+C.
D) increases by an amount equal to A+B.

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