PRICIPLES OF MACROECONOMICS
PRICIPLES OF MACROECONOMICS
8th Edition
ISBN: 9781337761598
Author: Mankiw
Publisher: CENGAGE L
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Chapter 7, Problem 1PA

Subpart (a):

To determine

Calculate the maximum willing price.

Subpart (b):

To determine

Calculate the consumer surplus.

Sub part (c):

To determine

Consumer decision of buying the goods related with maximum willing to buy price.

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