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I Ceteris paribus, the higher is the price, the larger is producer surplus. II Ceteris paribus, the lower is the price, the smaller is consumer
I Ceteris paribus, the higher is the price, the larger is producer surplus. II Ceteris paribus, the lower is the price, the smaller is consumer surplus. Choose the correct option from the list below. A Neither statement is true. B Only I is true. C Only II is true. D Both statements are true
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