Question: 1. *1.7 Two linear demand curves go through the initial equilibrium, e1. One demand curve is less elastic than the other at e1. For which

1. *1.7 Two linear demand curves go through the initial equilibrium, e1. One demand curve is less elastic than the other at e1. For which demand curve will a price increase cause the larger consumer surplus loss?

2. Compensated Consumer Welfare

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