Question: QUESTION 1 Consumer surplus may decrease when a. there is imposition of a binding price floor in the market b. there is a decrease in

QUESTION 1 Consumer surplus may decrease when a.

QUESTION 1 Consumer surplus may decrease when a. there is imposition of a binding price floor in the market b. there is a decrease in the production cost of the good c. there is an increase in the number of sellers of the good Od the sellers expect the price of the good to be lower next month QUESTION 2 F PL 12 Demand Refer to the above Figure. At the price Ps. the consumer surplus would be a BDE b. BDG C. ABC d. FAG

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