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Question 8 (1 point] Consider the market for bus rides which has standard demand and supply curves. If the demand for bus rides decreases due

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Question 8 (1 point] Consider the market for bus rides which has standard demand and supply curves. If the demand for bus rides decreases due the availability of hourly car rental options, which of the following statements is TRUE? {_ :3 Total surplus has stayed the same 11"") Total surplus has increased If t} Producer surplus may have increased or decreased, the change in not certain 1:" "j; Producer surplus has decreased

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