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    Business
  3. Study Set
    Principles of Macroeconomics Study Set 8
  4. Exam
    Exam 7: Consumers Producers and the Efficiency of Markets: Consumer Surplus
  5. Question
    Figure 7-4 -Refer to Figure 7-4.When the Price Falls from P1 to from P1
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Figure 7-4 -Refer to Figure 7-4.When the Price Falls from P1 to from P1

Question 2

Question 2

Multiple Choice

Figure 7-4 Figure 7-4   -Refer to Figure 7-4.When the price falls from P1 to P2,which area represents the increase in consumer surplus to new buyers entering the market? A) BDF B) AFG C) BCGD D) ABC
-Refer to Figure 7-4.When the price falls from P1 to P2,which area represents the increase in consumer surplus to new buyers entering the market?


A) BDF
B) AFG
C) BCGD
D) ABC

Correct Answer:

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