Use the Following to Answer Question

question 116

Multiple Choice

Use the following to answer question:
-(Figure: Producer Surplus II) Look at the figure Producer Surplus II.If the price falls from P₂ to P₁,producer surplus decreases by the area:

• A)LMK.
• B)P₁K0.
• C)P₂M0.
• D)P₂P₁KM.

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