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Figure 7-34 -Refer to Figure 7-34.Suppose There Is Initially a Price Floor

Question 45

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

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