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  3. Study Set
    Principles of Microeconomics
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    Exam 7: Consumers, Producers, and the Efficiency of Markets.
  5. Question
    Figure 7-9 -Refer to Figure 7-9.If the Demand Curve Is D and Curve
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Figure 7-9 -Refer to Figure 7-9.If the Demand Curve Is D and Curve

Question 205

Question 205

Multiple Choice

Figure 7-9
Figure 7-9    -Refer to Figure 7-9.If the demand curve is D and the supply curve shifts from S' to S,what is the change in producer surplus? A)  Producer surplus increases by $625. B)  Producer surplus increases by $1,875. C)  Producer surplus decreases by $625. D)  Producer surplus decreases by $1,875.
-Refer to Figure 7-9.If the demand curve is D and the supply curve shifts from S' to S,what is the change in producer surplus?


A) Producer surplus increases by $625.
B) Producer surplus increases by $1,875.
C) Producer surplus decreases by $625.
D) Producer surplus decreases by $1,875.

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