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    Exam 3: Demand, Supply, and the Market Process
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    Figure 3-15 Refer to Figure 3-15. When the Price Rises from P
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Figure 3-15 Refer to Figure 3-15. When the Price Rises from P

Question 152

Question 152

Multiple Choice

Figure 3-15 Figure 3-15   Refer to Figure 3-15. When the price rises from P <sub>1</sub> to P <sub>2</sub>, which area represents the increase in producer surplus to existing producers? A)  BCE B)  ACF C)  DEF D)  ABED
Refer to Figure 3-15. When the price rises from P 1 to P 2, which area represents the increase in producer surplus to existing producers?


A) BCE
B) ACF
C) DEF
D) ABED

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