Question
If a more efficient method is discovered to produce some good, what will definitely happen to consumer and producer surplus? SELECT ALL CHOICES THAT ARE
If a more efficient method is discovered to produce some good, what will definitely happen to consumer and producer surplus? SELECT ALL CHOICES THAT ARE CORRECT.
CS falls
CS rises
PS falls
PS rises
No change in either CS or in PS
With only the information given, we cannot be certain what will happen to PS
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Economics of Money, Banking and Financial Markets
Authors: Frederic S. Mishkin
9th Edition
978-0321607751, 9780321599797, 321607759, 0321599799, 978-0321598905
