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tuggy tuggy
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6 years ago
a)   Define the term "consumer surplus." If your willingness to pay for a good is $500 and you get it at a discount price of $275, what is your consumer surplus?
b)   In the following figure, calculate the consumer surplus when the market price is $20.
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Microeconomics

Microeconomics


Edition: 1st
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losteinlostein
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tuggy Author
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#2
6 years ago
Thanks for providing the correct answer
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