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Producer Surplus and Willingness to Sell
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Producer Surplus and Willingness to Sell
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5. Consumer and Producer Surplus; Price Ceilings and Floors / Producer Surplus and Willingness to Sell / Problem 1
Problem 1
What is the effect of a price decrease on the number of suppliers willing to sell?
A
The number of suppliers willing to sell decreases.
B
The number of suppliers willing to sell is unaffected by price changes.
C
The number of suppliers willing to sell increases.
D
The number of suppliers willing to sell remains unchanged.
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