Suppose that prices rise from point A to point B. What is the change in consumer surplus due to consumers leaving the market? (Hint: it's a negative number) Answer: -225 What is the change in consumer surplus when going from point A to B for individuals that remain in the market? Answer:

Suppose that prices rise from point A to point B. What is the change in consumer surplus due to consumers leaving the market? (Hint: it's a negative number) Answer: -225 What is the change in consumer surplus when going from point A to B for individuals that remain in the market? Answer:

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Suppose that prices rise from point A to point B.
What is the change in consumer surplus due to
consumers leaving the market? (Hint: it's a negative
number)
Answer: -225
What is the change in consumer surplus when going
from point A to B for individuals that remain in the
market?
Answer:

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