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Use the following to answer question: 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 P<sub>2</sub> to P<sub>3</sub>? A) A,B,and C B) B and C C) B,C,D,and E D) C and E
-(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?


Definitions:

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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