1 At the market equilibrium, calculate (a) consumer surplus and (b) producer surplus. The fi gure illustrates...

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1 At the market equilibrium, calculate

(a) consumer surplus and

(b) producer surplus.

The fi gure illustrates the market for sunscreen.

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Economics

ISBN: 9781118150122

10th European Edition

Authors: Michael Parkin, Dr Melanie Powell, Prof Kent Matthews

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