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Consider the market represented in Figure 5P-4. a. Calculate total surplus when supply is S1. b. Calculate total surplus when

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Consider the market represented in Figure 5P-4.
Consider the market represented in Figure 5P-4. a. Calculate total surplus

a. Calculate total surplus when supply is S1.
b. Calculate total surplus when supply increases to S2.

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Price ($) 50 40 35 / 15 50 75 100 Quantity

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Microeconomics

ISBN: 978-1259163531

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Authors: Dean Karlan, Jonathan Morduch

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Question Posted: November 27, 2015 02:11:05
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