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According to the Graph Shown,if the Market Goes from Equilibrium

Question 129

Multiple Choice

According to the graph shown,if the market goes from equilibrium to having its price set at $10 then: A) the market ceases to be efficient. B) total surplus will decline. C) deadweight loss will occur. D) All of these are true. According to the graph shown,if the market goes from equilibrium to having its price set at $10 then:


A) the market ceases to be efficient.
B) total surplus will decline.
C) deadweight loss will occur.
D) All of these are true.

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