Multiple Choice
Which of the following will cause a decrease in consumer surplus?
A) an increase in the number of sellers of the good
B) a decrease in the production cost of the good
C) sellers expect the price of the good to be lower next month
D) the imposition of a binding price floor in the market
Correct Answer:

Verified
Correct Answer:
Verified
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Q39: Figure 7-1 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2297/.jpg" alt="Figure 7-1
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Q45: Figure 7-7 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2297/.jpg" alt="Figure 7-7
Q46: Figure 7-8 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2297/.jpg" alt="Figure 7-8
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