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If Total Surplus Rises, Which of the Following Must Have

Question 124

Essay

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

Correct Answer:

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There was an increas...

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