Doni is willing to sell a shoe X for IDR 30, Bobo is willing to sell a shoe X for IDR 40, Roni is willing to sell a shoe X for IDR 50. it turns out that if the shoe is sold in the market, the price of the shoe is IDR 70. amounting to Rp 90 When the market price rises to IDR 70, the total producer surplus drops to below IDR 90
Doni is willing to sell a shoe X for IDR 30, Bobo is willing to sell a shoe X for IDR 40, Roni is willing to sell a shoe X for IDR 50. it turns out that if the shoe is sold in the market, the price of the shoe is IDR 70. amounting to Rp 90 When the market price rises to IDR 70, the total producer surplus drops to below IDR 90
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Doni is willing to sell a shoe X for IDR 30, Bobo is willing to sell a shoe X for IDR 40, Roni is willing to sell a shoe X for IDR 50. it turns out that if the shoe is sold in the market, the
When the market price rises to IDR 70, the total
the statement above is true/false?
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