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  3. Study Set
    Principles of Economics Study Set 8
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    Exam 7: Consumers, Producers, and the Efficiency of Markets
  5. Question
    Figure 7-14 ​
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Figure 7-14 ​

Question 141

Question 141

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Figure 7-14
Figure 7-14    ​ -Refer to Figure 7-14. Suppose there is initially a price floor set at $10 in this market. If the government removed the price floor, by how much would total consumer surplus increase? ​
-Refer to Figure 7-14. Suppose there is initially a price floor set at $10 in this market. If the government removed the price floor, by how much would total consumer surplus increase?

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With the removal of the price ...

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