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Use the Following to Answer Questions

Question 103

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Use the following to answer questions
Figure: Determining Surplus and Loss Use the following to answer questions Figure: Determining Surplus and Loss -(Figure: Determining Surplus and Loss) Consider the graph.If the price is raised from $8 to $12,consumer surplus: A) increases by $120 and deadweight loss increases by $60. B) increases by $20 and deadweight loss increases by $70. C) decreases by $120 and deadweight loss increases by $70. D) decreases by $20 and deadweight loss increases by $70.
-(Figure: Determining Surplus and Loss) Consider the graph.If the price is raised from $8 to $12,consumer surplus:


A) increases by $120 and deadweight loss increases by $60.
B) increases by $20 and deadweight loss increases by $70.
C) decreases by $120 and deadweight loss increases by $70.
D) decreases by $20 and deadweight loss increases by $70.

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