Figure 7-12 -Refer to Figure 7-12.When the Price Rises from P1 to Rises

question 212

Multiple Choice

Figure 7-12

-Refer to Figure 7-12.When the price rises from P1 to P2,which area represents the increase in producer surplus due to new producers entering the market?

• A) A
• B) B
• C) A+B
• D) G

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