Macroeconomics
Macroeconomics
13th Edition
ISBN: 9780134735696
Author: PARKIN, Michael
Publisher: Pearson,
Question
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Chapter 5, Problem 18APA

(a)

To determine

Identify the values of consumer surplus, producer surplus, and total surplus.

(b)

To determine

Identify the effects of changes in demand on producer surplus and deadweight loss.

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