Answered: If total surplus rises, there may have…

If total surplus rises, there may have been a(n). in demand or a(n), in supply. decrease; increase decrease; decrease O increase; increase increase; decrease

Microeconomics

13th Edition

ISBN:9781337617406

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter6: Elasticity

Section: Chapter Questions

Problem 2WNG: As the price of good X rises from 10 to 12, the quantity demanded of good Y rises from 100 units to...

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Question

If total surplus rises, there may have been a(n)
in demand or a(n)
in supply.
decrease; increase
decrease; decrease
increase; increase
increase; decrease

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