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    Principles of Macroeconomics Study Set 8
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    Exam 7: Consumers Producers and the Efficiency of Markets: Part A
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    Figure 7-34 -Refer to Figure 7-34.Suppose There Is Initially a Price Floor
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Figure 7-34 -Refer to Figure 7-34.Suppose There Is Initially a Price Floor

Question 10

Question 10

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Figure 7-34 Figure 7-34   -Refer to Figure 7-34.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 7-34.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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