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An excess demand for a product indicates that:
Statue of Freedom
A monument placed atop the United States Capitol dome, symbolizing liberty and democracy, completed in 1863.
Slave States
U.S. states prior to the Civil War where slavery was legally permitted and integral to the economy and society.
Texas Territory
A historical territorial area administered by the United States before Texas became a state in 1845.
Q2: If the costs of production increase,consumer surplus
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