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If Total Surplus Falls, Which of the Following Must Have

Question 133

Essay

If total surplus falls, which of the following must have occurred?
A.There was an increase in demand or a decrease in supply.
B.There was an increase in demand and an increase in supply.
C.There was a decrease in demand or a decrease in supply.
D.There was a decrease in demand and an increase in supply.

Correct Answer:

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There was a decrease...

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