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If a Market Is Allowed to Move Freely to Its

Question 122

Multiple Choice
If a market is allowed to move freely to its equilibrium price and quantity,what will be the result of an increase in supply on consumer surplus and producer surplus A)increased consumer surplus and increased producer surplus B)reduced consumer surplus and reduced producer surplus C)increased consumer surplus and uncertain change in producer surplus D)reduced consumer surplus and uncertain change in producer surplus

If a market is allowed to move freely to its equilibrium price and quantity,what will be the result of an increase in supply on consumer surplus and producer surplus


A) increased consumer surplus and increased producer surplus
B) reduced consumer surplus and reduced producer surplus
C) increased consumer surplus and uncertain change in producer surplus
D) reduced consumer surplus and uncertain change in producer surplus

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