If the government mandated a price increase from P1 to a higher price, then a. total surplus would remain unchanged. b. total surplus would increase, since producer surplus would increase. c. consumer surplus would increase. d. total surplus would decrease.
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Home » Business » If the government mandated a price increase from P1 to a higher price, then a. total surplus would remain unchanged. b. total surplus would increase, since producer surplus would increase. c. consumer surplus would increase. d.