140 Refer to the graph shown What area represents consumer surplus when the

140 refer to the graph shown what area represents

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____ 140. Refer to the graph shown. What area represents consumer surplus when the price is P *?a.Ab.Bc.Cd.A + Be.A + B + C____ 141. Suppose that the demand for French bread increases. What will happen to producer surplus in the market for French bread?____ 142. Producer surplusis____ 143. Roland produces nails at a cost of $200 per ton. If he sells the nails for $500 per ton, his producer surplus is____ 144. Billy and Andy sell lemonade on the corner for $0.10 per glass. Their producer surplus is $0.06 per glass. Their willingness to supply isa.$0.16.b.$0.10.c.$0.06.d.$0.04. e.impossible to determine.
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22____ 145. In economics, discussions about efficiency are discussions that are____ 146. Economists tend to see ticket scalping as____ 147. When a tax is levied on a good ____ 148. A tax levied on the supplier of a product shifts the supply curve _________. A tax levied on the buyers of a product shifts the demand curve ___________.a.upward or to the left; downward or to the leftb.upward or to the left; upward or to the rightc.downward or to the right; downward or to the leftd.downward or to the right; upward or to the right____ 149. The graph below shows supply and demand in a free market. Use this diagram to answer the following questions. With the market in equilibrium, consumer surplus is represented by the area
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