Assume a market that has an equilibrium price of $5. If the market price is set at $9, producer surplus:
A. decreases for some producers because of fewer transactions taking place.
B. rises for some producers because of the increased price.
C. Both A and B are true.
D. Neither of these statements is true.
Answer: C
Economics
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Which of the following was a cause of the savings and loan crisis that occurred in the 1980s?
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