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Figure 7-9 -Refer to Figure 7-9.Assume Demand Increases and as a Result,equilibrium

Question 8

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Figure 7-9
Figure 7-9 -Refer to Figure 7-9.Assume demand increases and as a result,equilibrium price increases to $22 and equilibrium quantity increases to 110.The increase in producer surplus due to new producers entering the market would be equal to A) $90. B) $210. C) $360. D) $480.
-Refer to Figure 7-9.Assume demand increases and as a result,equilibrium price increases to $22 and equilibrium quantity increases to 110.The increase in producer surplus due to new producers entering the market would be equal to


A) $90.
B) $210.
C) $360.
D) $480.

Correct Answer:

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