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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 161

Question 161

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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 for those consumers who were purchasing the good when the price floor was in place? ​
-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 for those consumers who were purchasing the good when the price floor was in place?

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