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    Microeconomics Study Set 40
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    Exam 4: Consumer and Producer Surplus
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    Figure: Consumer and Producer Surplus
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Figure: Consumer and Producer Surplus

Question 59

Question 59

Essay

Figure: Consumer and Producer Surplus
(Figure: Consumer and Producer Surplus) Look at the figure Consumer and Producer Surplus.If the price is held above equilibrium in this market, compared with the equilibrium price, consumer surplus
________ and total surplus _.
A.increases; decreases decreases;
B.stays the same increases;
C.stays the same
D.decreases; decreases

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decreases;...

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