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Figure 7-1 -Refer to Figure 7-1.When the Price Rises from P₁ to Rises

Question 11

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Figure 7-1
Figure 7-1 -Refer to Figure 7-1.When the price rises from P₁ to P₂,what happens to consumer surplus A) It increases by an amount equal to A. B) It decreases by an amount equal to B + C. C) It increases by an amount equal to B + C. D) It decreases by an amount equal to C.
-Refer to Figure 7-1.When the price rises from P₁ to P₂,what happens to consumer surplus


A) It increases by an amount equal to A.
B) It decreases by an amount equal to B + C.
C) It increases by an amount equal to B + C.
D) It decreases by an amount equal to C.

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