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wrote...
Posts: 220
A month ago
Suppose that the price of macaroni drops. Quantity supplied will ________ and producer surplus will ________.

▸ decrease; decrease

▸ increase; increase

▸ increase; decrease

▸ decrease; increase
Textbook 
Microeconomics: Principles, Applications, and Tools
Edition: 8th
Authors:
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wrote...
Posts: 251
A month ago
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decrease; decrease
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wrote...
A month ago
Brilliant
Answer accepted by topic starter
wrote...
A month ago
Suppose that the price of macaroni rises. Quantity supplied will ________ and producer surplus will ________.

▸ decrease; decrease

▸ decrease; increase

▸ increase; increase

▸ increase; decrease
Answer verified by a subject expert
wrote...
Posts: 249
A month ago
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increase; increase
1
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