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26 Suppose that the quantity demanded of cupcakes is 50 cupcakes when the price of a cupcake is $4. If the price rises to $5
26
Suppose that the quantity demanded of cupcakes is 50 cupcakes when the price of a cupcake is $4. If the price rises to $5 for each cupcake, consumer surplus will
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fall by more than $50.
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fall by less than $50.
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rise by less than $50.
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rise by more than $50.
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