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The demand curve is given by equation

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Reference no: EM133269000

The demand curve is given by the equation P = 10 - Q. The supply curve is perfectly inelastic and given by Q = If the product becomes inferior for some reason and demand shifts down to P = 9 - Q, then consumers' surplus

a. Decreases

b. Remains constant.

c. Decreases by 10 %

d. Increases

Reference no: EM133269000

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