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    Microeconomics Study Set 40
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    Exam 4: Consumer and Producer Surplus
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    When There Is a New Medical Report Extolling the Health
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When There Is a New Medical Report Extolling the Health

Question 127

Question 127

Essay

When there is a new medical report extolling the health advantages of grapefruit, total producer surplus in the grapefruit market:
A.will increase.
B.will decrease.
C.will remain the same.
D.may change, but we can't tell how.

Correct Answer:

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