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olchik [2.2K]
3 years ago
6

Suppose there is an increase in supply that reduces market price. Consumer surplus increases because (1) consumer surplus receiv

ed by existing buyers increases and (2) new buyers enter the market. a. TRUE b. FALSE
Business
1 answer:
cupoosta [38]3 years ago
5 0

Answer:

True

Explanation:

If there is an increase in supply that reduces market price. Consumer surplus increases because both of the following reasons

(1) consumer surplus received by existing buyers increases and

(2) new buyers enter the market.

a. TRUE

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Answer:

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Explanation:

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