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In the market for iPhones, if the cost of production of iPhones falls, what do we know for sure: a) There will be an increase
In the market for iPhones, if the cost of production of iPhones falls, what do we know for sure: a) There will be an increase in consumer surplus b) There will be a decrease in consumer surplus c) There will be in an increase in producer surplus d) There will be a decrease in producer surplus
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