Microeconomics (2nd Edition) (Pearson Series in Economics)
Microeconomics (2nd Edition) (Pearson Series in Economics)
2nd Edition
ISBN: 9780134492049
Author: Daron Acemoglu, David Laibson, John List
Publisher: PEARSON
Question
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Chapter 5, Problem 8Q
To determine

Consumer surplus when nature of a good is bad, say turnips.

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THE CONSUMER SURPLUS?
What are the factors that caused the consumer surplus?
find the consumer surplus when the market is in equilibrium. Round your answer to the nearest integer.
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