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    Economics Principles and Policy Study Set 2
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    Exam 5: Consumer Choice: Individual and Market Demand
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    How Do You Calculate Consumer's Surplus? What Happens to Consumer's
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How Do You Calculate Consumer's Surplus? What Happens to Consumer's

Question 107

Question 107

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How do you calculate consumer's surplus? What happens to consumer's surplus when the price of a commodity rises?

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Consumer's surplus = Total utility (in m...

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