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ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Exhibit 7-9 Supply Pe P TAX Ps Demand Quantity Refer to Exhibit 7-9. The amount of consumer surplus after the tax is area: Ob-c O c-d QUESTION 15 Exhibit 7-8 Supply P2 B D Q. Quantity Refer to Exhibit 7-8. When the price falls from Pz to P1. producer surplus O increases by area 8 C increases by areaA+B O decreases by area A O decreases by area AB Price Price
Transcribed Image Text:Exhibit 7-9 Supply Pe P TAX Ps Demand Quantity Refer to Exhibit 7-9. The amount of consumer surplus after the tax is area: Ob-c O c-d QUESTION 15 Exhibit 7-8 Supply P2 B D Q. Quantity Refer to Exhibit 7-8. When the price falls from Pz to P1. producer surplus O increases by area 8 C increases by areaA+B O decreases by area A O decreases by area AB Price Price
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