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    Business
  3. Study Set
    Principles of Microeconomics
  4. Exam
    Exam 7: Consumers, producers, and the Efficiency of Markets
  5. Question
    Figure 7-6 ​
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Figure 7-6 ​

Question 19

Question 19

Multiple Choice

Figure 7-6
​
Figure 7-6 ​    -Refer to Figure 7-6.Assume demand increases and as a result,equilibrium price increases to $22 and equilibrium quantity increases to 110.What would be the increase in producer surplus to producers already in the market A) $90 B) $210 C) $360 D) $480
-Refer to Figure 7-6.Assume demand increases and as a result,equilibrium price increases to $22 and equilibrium quantity increases to 110.What would be the increase in producer surplus to producers already in the market


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

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