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don't use Al bot or chat GPT otherwise downvote.correct answer will get instant upvote Please provide correct answer with correct explanation for each question. Consider
don't use Al bot or chat GPT otherwise downvote.correct answer will get instant upvote
Please provide correct answer with correct explanation for each question.
Consider the graph at right. Comparing demand curves D, and D2 , the consumer surplus is O A. smaller with demand curve D, because there is a smaller area between the demand curve and the market equilibrium price. O B. smaller with demand curve D, because there is a larger area between the supply curve and the market equilibrium price. O C. larger with demand curve D, because there is a larger area between the demand curve and the market equilibrium price Price (dollars) O D. larger with demand curve D, because there is a larger area between the supply curve and the market D2 equilibrium price. Comparing demand curves D, and D2 , the producer surplus is D1 O A. the same for both D, and D2 because there is no difference in the area between the market equilibrium price and the supply curve. O B. larger for D, because there is a greater difference in the area between the market equilibrium price and Quantity the supply curve. O C. larger for D, because there is a greater difference in the area between the market equilibrium price and the demand curveStep by Step Solution
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