1. All else being equal, does an elastic or inelastic demand curve result in higher social surplus?...

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1. All else being equal, does an elastic or inelastic demand curve result in higher social surplus? How does elasticity of supply affect social surplus?

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Macroeconomics

ISBN: 9780134492056

2nd Edition

Authors: Daron Acemoglu, David Laibson, John List

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