=+h.** Under these new tastes, suppose you only observed the regular demand curve and then used it

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=+h.** Under these new tastes, suppose you only observed the regular demand curve and then used it to calculate deadweight loss while incorrectly assuming it was the same as the MWTP curve. By what percentage would you be overestimating the deadweight loss? (Hint: You again need to evaluate an integral. Note that the integral of 1/1p11 1 p2 2 with respect to p is ln p 2 ln 11 1 p2.)

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