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Figure 7-17 -Refer to Figure 7-17.If the Demand Curve Is D and Is

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Figure 7-17 Figure 7-17   -Refer to Figure 7-17.If the demand curve is D and the supply curve shifts left from S to S',what is the change in producer surplus when comparing the new equilibrium with the original equilibrium? A) Producer surplus increases by $225. B) Producer surplus increases by $675. C) Producer surplus decreases by $225. D) Producer surplus decreases by $675.
-Refer to Figure 7-17.If the demand curve is D and the supply curve shifts left from S to S',what is the change in producer surplus when comparing the new equilibrium with the original equilibrium?


A) Producer surplus increases by $225.
B) Producer surplus increases by $675.
C) Producer surplus decreases by $225.
D) Producer surplus decreases by $675.

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