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wrote...
Posts: 193
4 weeks ago
If the demand for tennis shoes decreases and a firm's supply curve is upward sloping, then:

▸ producer surplus increases.

▸ producer surplus does not change.

▸ producer surplus decreases.

▸ producer surplus may either increase or decrease.
Textbook 
Microeconomics: Principles, Applications, and Tools
Edition: 8th
Authors:
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4 weeks ago
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producer surplus decreases.
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