Use the market represented in Figure 5P-2 to draw the consumer surplus when the price is $5.
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Figure 5P-2:
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Price ($) 15 14 13 12 11 10 4 3 30 10 20 40 50 60 70 80 90 100 Quantity
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At a price of 5 sellers are only willing to sell 20 ...View the full answer
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