Question
2 When the market price falls below the equilibrium price, comparing with the efficient situation, consumer surplus will __________, producer surplus will total surplus
2 When the market price falls below the equilibrium price, comparing with the efficient situation, consumer surplus will __________, producer surplus will total surplus will increase, increase, decrease increase, decrease, decrease decrease, decrease, decrease decrease, increase, decrease
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Economics
Authors: R. Glenn Hubbard
6th edition
978-0134797731, 134797736, 978-0134106243
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