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Panel (a) Panel (b) S Price Price D. D. Quantity Quantity Panel (c) Panel (d) S, S Price Price D, D2 Quantity Quantity Refer to

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Panel (a) Panel (b) S Price Price D. D. Quantity Quantity Panel (c) Panel (d) S, S Price Price D, D2 Quantity Quantity Refer to Figure 3-7. Assume that the graphs in this figure represent the demand and supply curves for women's clothing. Which panel best describes what happens in this market when the wages of seamstresses rise?Costs and menus per case 16 '4 13 I2 Figure 13-10 shows cost and demand curves for a monopolistically competitive producer of iced tea. What is the economic profit?

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