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Which of the Following Is True?​

Question 94

Multiple Choice

Which of the following is true?​


A) ​A lower price will increase your consumer surplus by the amount you were buying originally, times the reduction in the price.
B) ​A lower price will leave unchanged your consumer surplus for each of the units you were already consuming, but will increase consumer surplus from increased purchases at the lower price.
C) ​A lower price will decrease your producer surplus for each of the units you were producing, but will not change producer surplus by changing the quantity sold.
D) ​None of the above is true.

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