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Use the following to answer question:
-(Figure: Change in Total Surplus) Look at the figure Change in Total Surplus.Which areas represent the change in total surplus when the price falls from P2 to P3?
Rationale
The underlying reason or justification for something, such as a legal ruling, a business decision, or a philosophical stance.
Right of Lien
A legal right to keep possession of property belonging to another person until a debt owed by that person is discharged.
Bailee
An individual or party to whom personal property is entrusted for a specific purpose, with an obligation to return it to the bailor.
Conversion
The refusal to deliver up a chattel to its rightful owner by a bailee.
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