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Lost surplus or value from efficient trades that do not happen is the definition of: Question 20 options: A) Deadweight loss B) Producer Surplus C)
Lost surplus or value from efficient trades that do not happen is the definition of: Question 20 options: A) Deadweight loss B) Producer Surplus C) Consumer Loss D) Consumer SurplusAs quantity demanded increases, along a linear downward sloping demand curve, price elasticity of demand: Question 21 options: A) Stays constant at infinite B) Stays constant at zero C) Gets more inelastic D) Gets more elastic
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