A super typhoon greatly affected the mango farms in Philippines by making the mango crops taste super sour and some were developed prematurely and were scattered on the ground making them not eligible for sale due to defects. (a) Explain what happens to the consumer surplus in the market for mangoes. (b) Explain what happens to the consumer surplus in the market for mango shake. (c) Illustrate your answers using equilibrium diagram with the consumer surplus diagram in one
A super typhoon greatly affected the mango farms in Philippines by making the mango crops taste super sour and some were developed prematurely and were scattered on the ground making them not eligible for sale due to defects. (a) Explain what happens to the consumer surplus in the market for mangoes. (b) Explain what happens to the consumer surplus in the market for mango shake. (c) Illustrate your answers using equilibrium diagram with the consumer surplus diagram in one
Chapter1: Making Economics Decisions
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A super typhoon greatly affected the mango farms in Philippines by making the mango crops taste
super sour and some were developed prematurely and were scattered on the ground making them not
eligible for sale due to defects. (a) Explain what happens to the consumer surplus in the market for
mangoes. (b) Explain what happens to the consumer surplus in the market for mango shake. (c) Illustrate
your answers using equilibrium diagram with the consumer surplus diagram in one
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