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Close Window -> A Moving to another question will save this response. Question 29 1 points Save Answer If the supply curve is given by the equation P = 10 + 40, and the competitive market equilibrium price is $60, then a price-ceiling set at Pmax = $50 will result in a reduction in the producer surplus by O A. $100 O B. $120.00 C. $98.50 O D. $112.50 > A Moving to another question will save this response. > Close Window 10:08 A Type here to search e 48 T 7/2/202 DELL F10 F11 F12 PrtSer Insert F6 F7 F1 F2 F5 F8 Esc F3 E4 X KK $ A 4 5 6 7 8 2 3 Y U O P Q W E R T