Suppose that demand is downward sloping and supply upward, Ask an Expert

Economics

Suppose that demand is downward sloping and supply upward sloping. Subsidies cause dead weight loss despite the fact that:

1)consumer surplus increases.
2)total surplus increases.
3)producer surplus increases.
is the answer is number one or the combination of number 1 and 2 alsi is true?

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M9540779

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