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Use the Following Diagram to Answer the Following Questions

Question 135

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Use the following diagram to answer the following questions.
Use the following diagram to answer the following questions.    -Refer to Diagram 4-5. Suppose supply increases from S₁ to S₂. What happens to the total revenue earned by the farmer?
-Refer to Diagram 4-5. Suppose supply increases from S₁ to S₂. What happens to the total revenue earned by the farmer?

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If supply is S₁, price is $3.00 per unit...

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