1.2. Show how each of the following three actions reduces total surplus: a. Having Josey consume one...
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1.2. Show how each of the following three actions reduces total surplus:
a. Having Josey consume one less pepper, and Casey one more pepper, than in the market equilibrium
b. Having Cara produce one less pepper, and Jamie one more pepper, than in the market equilibrium
c. Having Josey consume one less pepper, and Cara produce one less pepper, than in the market equilibrium
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