Pearson eText Microeconomics -- Instant Access (Pearson+)
Pearson eText Microeconomics -- Instant Access (Pearson+)
13th Edition
ISBN: 9780136879510
Author: Michael Parkin
Publisher: PEARSON+
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Chapter 3.5, Problem 2RQ
To determine

Changes in price and quantity.

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Place the labeled CS to represent the new consumer surplus in the market and the area labeled PS to represent producer surplus
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