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[2 ADBM Microeconomics - Question Paper.pdf - Adobe Acrobat Reader (32-bit) X File Edit View Sign Window Help Home Tools ADAM Microecono... * ADBM -
[2 ADBM Microeconomics - Question Paper.pdf - Adobe Acrobat Reader (32-bit) X File Edit View Sign Window Help Home Tools ADAM Microecono... * ADBM - Microecon... A Sign In 14 / 14 75% QUESTION 25 (4 Marks) Consider diagram (figure 6) below, which ilustrates the market for low-skilled labour. S 10 C Q Q1 Suppose that the equilibrium quantity is reduced from (1 to @2 units, through the introduction of a price floor. Which of the following correctly describes the resulting decrease in MARKET surplus? a) Market surplus wil decrease by a - c. b) Market surplus wil decrease by e + c. to c) Market surplus will decrease by a + h + e + c. d) Market surplus will decrease by b - c. I+ Type here to search 9 21"C Mostly cloudy A- 10 0 11:56 AM 28/11/2022
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