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4 months ago

When the market price increases to $8 per pound, which of the following statements is true?








• Consumers are better off by $105.

• Consumers are worse off by $105.

• Consumers are better off by $20.

• Consumers are worse off by $20.
Textbook 
Introduction to Agricultural Economics
Edition: 7th
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4 months ago
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Consumers are worse off by $105.
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