Microeconomics
Microeconomics
2nd Edition
ISBN: 9781259813337
Author: KARLAN, Dean S., Morduch, Jonathan
Publisher: Mcgraw-hill Education,
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Chapter 5, Problem 7PA
To determine

To plot the equilibrium price and equilibrium quantity. To represent the region of consumer surplus in the diagram and to calculate the value of consumer surplus, when the economy is in equilibrium.

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