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Economics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0078021800Economics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0078021800 Exercise 4
As the price of a service rises, _______.
A) the consumer surplus decreases
B) the consumer surplus increases
C) the consumer surplus may increase or decrease
A) the consumer surplus decreases
B) the consumer surplus increases
C) the consumer surplus may increase or decrease
Explanation
Verified
Verified
When there is decrease in price then con...
Economics 11th Edition by Stephen Slavin
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