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    Exam 5: Efficiency and Equity
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    -The Figure Above Shows the Market for Milk
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-The Figure Above Shows the Market for Milk

Question 423

Question 423

Multiple Choice

  -The figure above shows the market for milk. If the population increases, then the efficient quantity of milk ________ and the producer surplus ________. A)  increases; increases B)  increases; decreases C)  decreases; increases D)  decreases; decreases
-The figure above shows the market for milk. If the population increases, then the efficient quantity of milk ________ and the producer surplus ________.


A) increases; increases
B) increases; decreases
C) decreases; increases
D) decreases; decreases

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