If a Market Is Allowed to Move Freely to Its

question 187

Multiple Choice

If a market is allowed to move freely to its equilibrium price and quantity,what will be the result of an increase in demand on producer surplus and consumer surplus

• A)increased producer surplus and reduced consumer surplus
• B)reduced producer surplus and reduced consumer surplus
• C)increased producer surplus and increased change in consumer surplus
• D)reduced producer surplus and uncertain change in consumer surplus

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Definitions:

Copy And Paste

The action of duplicating information or data from one location to another with the help of computer commands or tools.

Cut And Paste

A basic computer function allowing the user to select, copy, and insert or move text or data from one place to another.

Group

A collection of users, devices, or objects united by a common attribute, used for organizing, managing, or targeting purposes within systems or applications.

Combine Shapes

A feature in graphics software that allows the user to merge two or more shapes into one complex shape.