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Question 18

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Use the following to answer questions:
Figure: Consumer and Producer Surplus Use the following to answer questions: Figure: Consumer and Producer Surplus   -(Figure: Consumer and Producer Surplus)  Look at the figure Consumer and Producer Surplus. An increase in supply will: A)  increase consumer surplus. B)  decrease producer surplus. C)  increase total surplus. D)  increase consumer surplus and total surplus.
-(Figure: Consumer and Producer Surplus) Look at the figure Consumer and Producer Surplus. An increase in supply will:


A) increase consumer surplus.
B) decrease producer surplus.
C) increase total surplus.
D) increase consumer surplus and total surplus.

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