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(Figure: Market for Peanuts II) If the Government Mandates a Price

Question 117

Multiple Choice

(Figure: Market for Peanuts II) If the government mandates a price floor of $750, the area of producer surplus changes from:

A) D + E + F to B + D + F.
B) F to B + C + D + F.
C) D + E + F to A + B + D + F.
D) B + C + D + F to B + D + F.

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