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    Principles of Economics Study Set 8
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    Exam 7: Consumers, Producers, and the Efficiency of Markets
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    Figure 7-10 ​
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Figure 7-10 ​

Question 165

Question 165

Short Answer

Figure 7-10
Figure 7-10    ​ -Refer to Figure 7-10. If the market equilibrium price falls from $120 to $80, how much is the change in total consumer surplus in the market? ​
-Refer to Figure 7-10. If the market equilibrium price falls from $120 to $80, how much is the change in total consumer surplus in the market?

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