Multiple Choice
Which of the following statements is always true?
A) An increase in price will lead to an increase in producer surplus.
B) An increase in price will lead to an increase in consumer surplus.
C) A price ceiling will lead to an increase in consumer surplus.
D) A price floor will lead to an increase in consumer surplus.
E) None of the above is always true.
Correct Answer:
Verified
Correct Answer:
Verified
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