Answer
D
Work Step by Step
The price increases so producers make more and consumers buy less; this creates a surplus.
Principles of Macroeconomics 7th Edition
by Mankiw, N. Gregory
Published by
South-Western College
ISBN 10:
1-28516-591-8
ISBN 13:
978-1-28516-591-2
Chapter 6 - Supply, Demand, and Government Policies - Quick Check Multiple Choice - Page 129: 1
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