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Macroeconomics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-0077332648Macroeconomics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-0077332648 Exercise 2
Consider the market represented in Figure 5P-4.
a. Calculate total surplus when supply is S 1.
b. Calculate total surplus when supply increases to S 2.
a. Calculate total surplus when supply is S 1.
b. Calculate total surplus when supply increases to S 2.
Explanation
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Macroeconomics 1st Edition by Dean Karlan,Jonathan Morduch
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