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 All else being held constant, an increase in the price of a good would necessarily:

a. increase social welfare.

b. decrease producer surplus.

c. decrease consumer surplus.

d. increase consumer surplus.

e. increase the supply of the good.

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Chika Ilonah
Chika IlonahLv10
29 Sep 2020
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When a nation opens itself to trade in a good and becomes an importer,

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