If the price of a DVD rises to $20, what is the change in consumer surplus? Figure
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If the price of a DVD rises to $20, what is the change in consumer surplus? Figure 1 shows the demand curve for DVDs and the market price of a DVD.
Figure 1
Transcribed Image Text:
FIGURE 1 Price (dollars per DVD) 25+ 20 15 10 0 10 Market price D 20 30 40 Quantity (DVDs per day)
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