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economics question estion 9 O out of 10 points Recall the Supply-Demand Model learned in Chapter 03 and the Determinants of Supply and EX Demand

economics question

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estion 9 O out of 10 points Recall the Supply-Demand Model learned in Chapter 03 and the Determinants of Supply and EX Demand in Private (Individual) Markets. Imingine that a company discovers a new technology that allows it to substantially reduce its "ternal Costs of Production. Assume the Demand Curve for this market in largely Inelastic. Which of the following is true ? Selected Answer: A. Consumers will benefit from a small decrease in the Equilibrium Price. Answers: A. Consumers will benefit from a small decrease in the Equilibrium Price. B. Consumers will benefit from a large decrease in the Equilibrium Price. C. Consumers will be harmed from a large increase in the Equilibrium Price. Ledu/Webapps/assessment/review/review/sp?attempt_id=_1938367_1&course_/d=_16600_1&content_ id= 669983_1&retur D. Consumers will be harmed from a small increase in the Equilibrium Price. F Consumers will not be impacted by the change in this market

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