Question: Refer to the following exhibit. a. If the price of each karate lesson is P0, the consumer surplus is equal to what area? b. If

Refer to the following exhibit.

a. If the price of each karate lesson is P0, the consumer surplus is equal to what area?
b. If the price falls from P0 to P1, the change in consumer surplus is equal to whatarea?

2 a O Quantity of Karate Lessons

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