Figure 7-4 -Refer to Figure 7-4.What Will NOT Occur When the Price

question 190

Multiple Choice

Figure 7-4

-Refer to Figure 7-4.What will NOT occur when the price falls from P₂ to P₁

• A)The sellers who still sell the good are worse off because they now receive less.
• B)The total quantity sold in the market increases.
• C)The total cost of what is now sold by sellers is actually higher.
• D)Producer surplus would fall by area A + B.

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