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Microeconomics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-1260566642Microeconomics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-1260566642 Exercise 5
Use the market represented in Figure 5P-1 to draw the consumer surplus when the market is in equilibrium. What is the value of consumer surplus at the equilibrium price?
Explanation
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Graph:
Figure -1 illustrates the equili...
Microeconomics 1st Edition by Dean Karlan,Jonathan Morduch
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