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Use the following to answer questions
Figure: Determining Surplus and Loss Use the following to answer questions  Figure: Determining Surplus and Loss   -(Figure: Determining Surplus and Loss) Consider the graph.If the price is raised from $8 to $12,producer surplus: A)  increases by $50 and deadweight loss increases by $30. B)  increases by $50 and deadweight loss increases by $70. C)  decreases by $50 and deadweight loss increases by $30. D)  decreases by $190 and deadweight loss increases by $70.
-(Figure: Determining Surplus and Loss) Consider the graph.If the price is raised from $8 to $12,producer surplus:


Definitions:

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