EBK MICROECONOMICS
2nd Edition
ISBN: 8220103679701
Author: List
Publisher: YUZU
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Question
Chapter 10, Problem 4P
(a)
To determine
Social surplus regardless of the
(b)
To determine
Effect of fees on the agreement and total surplus.
(c)
To determine
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Refer to Table 6.5. If the six people listed in the table are the only consumers in the market and the equilibrium price is $11 (not the $8 shown), how much consumer surplus will the market generate?
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