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Assume that the price of an item increased from P1 to P2. Use the information available in the graph to fill out the table. P

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Assume that the price of an item increased from P1 to P2. Use the information available in the graph to fill out the table. P P2 B C Pi A D 40 Q1 Q2 Q Assume that P1 - $50, P2 = $55, Q1 = 40 and Q2 = 60. Loss or Surplus Area on the graph Amount($) PS for P1 PS for P2 Increase in PS due to selling additional units Increase in PS due to selling the initial units at a higher P

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