Macroeconomics
Macroeconomics
13th Edition
ISBN: 9780134735696
Author: PARKIN, Michael
Publisher: Pearson,
Question
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Chapter 5, Problem 4SPA
To determine

Identify the individual consumer surplus and market consumer surplus.

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IF you have 2 goods, that are perfect one to one substitutes, and the price of one of the goods rises, what happens to the consumer surplus?
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