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Cuba Cuba
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9 years ago
If Jacqueline is willing to accept $1 for a cupcake and Jameson is willing to pay $3 for a cupcake, the consumer surplus will ________ if the negotiated price is $1.50 as opposed to $2.00.
A) increase
B) decrease
C) not change
D) All of the above are possibilities.
Textbook 
Economic Analysis of Social Issues

Economic Analysis of Social Issues


Edition: 1st
Author:
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IloveChiIloveChi
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Cuba Author
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#2
9 years ago
Exactly what I needed, thanks a million.
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#3
9 years ago
Wasn't so hard, referencing the textbook helped.
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