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ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Question
Don't use chatgpt, I will 5 upvotes
The diagram below shows the market for cheddar cheese. The government has imposed a price ceiling in the market at $2.4. Calculate the consumer surplus

Transcribed Image Text:$
SA
7.4
Market for Cheddar
Cheese
5.6
3.68
2.4
S
Ꭰ
1.2
Q
300
620
Expert Solution
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