The price of apples that shane buys monthly drops from $8 to $4, the equilibrium quantity is 4. What would be the increase amount of consumer surplus?
The price of apples that shane buys monthly drops from $8 to $4, the equilibrium quantity is 4. What would be the increase amount of consumer surplus?
Chapter7: Market Efficiency And Welfare
Section: Chapter Questions
Problem 1P
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The price of apples that shane buys monthly drops from $8 to $4, the
What would be the increase amount of
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Now let's say 8 is still at 4, however, 4 is now at 2 for equilibrium, How would I go about calculating the increase?
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