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Figure 7-18 -Refer to Figure 7-18.Assume Demand Increases and as a Result,equilibrium

Question 418

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Figure 7-18
Figure 7-18 -Refer to Figure 7-18.Assume demand increases and as a result,equilibrium price increases to $22 and equilibrium quantity increases to 110.The increase in producer surplus would be A) $210. B) $360. C) $480. D) $570.
-Refer to Figure 7-18.Assume demand increases and as a result,equilibrium price increases to $22 and equilibrium quantity increases to 110.The increase in producer surplus would be


A) $210.
B) $360.
C) $480.
D) $570.

Correct Answer:

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