Question: At quantities lower than the intersection of supply ( marginal cost ) and demand, total surplus is reduced because Blank _ _ _ _ _
At quantities lower than the intersection of supply marginal cost and demand, total surplus is reduced because Blank
Multiple choice question.
the decrease in total surplus is less than the increase in consumer surplus
the decrease in consumer surplus is less than the increase in producer surplus
the increase in total surplus is less than the decrease in producer surplus
the decrease in consumer surplus is greater than the increase in producer surplus
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