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assume an initial market price of $5. identify the initial area of producer surplus (PS(sub 1) when the market price is $5. Next, assume that
assume an initial market price of $5. identify the initial area of producer surplus (PS(sub 1) when the market price is $5. Next, assume that demand decreases and the market price falls to $4. draw new demand curve and then identify new areas of produce surplus (PS (sub 2)). Need help with graph Thank you Carol
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