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    Exam 5: Consumer Welfare and Policy Analysis
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    Ted's Uncompensated Demand Function for Bacon Is Given by Q
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Ted's Uncompensated Demand Function for Bacon Is Given by Q

Question 54

Question 54

Essay

Ted's uncompensated demand function for bacon is given by Q = 15/p.What is Ted's change in consumer surplus when the price of bacon rises from p = 3 to p = 5?

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