5. The market for economics textbooks is in equilibrium. The government decides to relax export restrictions on

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5. The market for economics textbooks is in equilibrium. The government decides to relax export restrictions on paper, leading to an increase in the demand for paper. How does social surplus in the market for textbooks change? Why? Present a diagram as part of your explanation.

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Macroeconomics

ISBN: 9780134492056

2nd Edition

Authors: Daron Acemoglu, David Laibson, John List

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