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Figure 3-19 -Refer to Figure 3-19.If the Government Mandated a Price Increase

Question 327

Multiple Choice

Figure 3-19
Figure 3-19 -Refer to Figure 3-19.If the government mandated a price increase from Pₑ to a higher price,then A) total surplus would decrease. B) consumer surplus would increase. C) total surplus would increase,since producer surplus would increase. D) total surplus would remain unchanged.
-Refer to Figure 3-19.If the government mandated a price increase from Pₑ to a higher price,then


A) total surplus would decrease.
B) consumer surplus would increase.
C) total surplus would increase,since producer surplus would increase.
D) total surplus would remain unchanged.

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