Exploring Economics
Exploring Economics
8th Edition
ISBN: 9781544336329
Author: Robert L. Sexton
Publisher: SAGE Publications, Inc
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Chapter 7, Problem 3P
To determine

The effect of consumer surplus if the freeze has ruined the lettuce crop.

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If a freeze ruined this year lettuce crop, illustrate then explain what would happen to consumer surplus.
If the demand curve for chocolate bars is downward sloping and the supply of it decreases, there is __ in consumer surplus; a. an increase, b. no change, c. it's impossible to tell what will happen to consumer surplus, d. a decrease
How do I find the consumer and producer surplus?
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