Economics (Book Only)
Economics (Book Only)
12th Edition
ISBN: 9781285738321
Author: Roger A. Arnold
Publisher: Cengage Learning
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Chapter 4, Problem 2WNG
To determine

The consumer surplus.

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In the preceding diagram, what areas represent consumers'surplus at the equilibrium price of PE ? At PC ? (Keep in mindthat the equilibrium quantity is not produced and sold at PC.)
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