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Hi I am really confused in this question Consider market supply given by P = 100 - Q. Supply is perfectly elastic at MC =

Hi I am really confused in this question

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Consider market supply given by P = 100 - Q. Supply is perfectly elastic at MC = 50. Due to government regulation, MC increases to 60. A. CS decreases by 500.=450 B. PS increases as the price increases to 60. C. The higher price decrease both PS and CS. D. CS decreases but PS remains the same. MC2 MC 1 100 S

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