# Akbar bought a \$40 a ticket to a comedy show. He values the show at \$167. Birbal values watching the show at \$136. If I force Akbar to give his ticket to Birbal what is the change in total surplus? Do not include the \$ sign and remember to include a negative sign if you want to say that surplus has decreased

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Akbar bought a \$40 a ticket to a comedy show. He values the show at \$167. Birbal values watching the show at \$136. If I force Akbar to give his ticket to Birbal what is the change in total surplus? Do not include the \$ sign and remember to include a negative sign if you want to say that surplus has decreased

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Step 1

Consumer Surplus: It refers to the difference between the maximum price the buyer is willing to pay and the market price of the good. Willingness to pay is presented by the demand curve. So, the area under the demand curve and above market price is considered as consumer surplus.

Step 2

Total surplus when Akbar go for comedy show is calculated as follows:

Step 3

Total surplus when Birbal go for comedy...

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