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Business, 09.04.2021 03:30 mlandon922

market is initially in equilibrium at a price of P1 and a quantity of Q1. Now suppose producers decide to cut output to Q2 in order to raise the price to P2. What area represents the deadweight loss at the equilibrium price of P1

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market is initially in equilibrium at a price of P1 and a quantity of Q1. Now suppose producers deci...
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