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A company introduces a new product that is very popular. The demand for the product is very high and the company is able to charge
A company introduces a new product that is very popular. The demand for the product is very high and the company is able to charge a very high price for it. Which of the following will happen to consumer surplus? Question 6Answer a. Consumer surplus will decrease. b. Consumer surplus will increase. c. Consumer surplus will stay the same. d. Consumer surplus will be zero
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