1.1. An early freeze in California sours the lemon crop. What happens to consumer surplus in the...

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1.1. An early freeze in California sours the lemon crop. What happens to consumer surplus in the market for lemons?

What happens to consumer surplus in the market for lemonade? Illustrate your answers with diagrams.

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Principles Of Economics

ISBN: 9780324168624

3rd Edition

Authors: N. Gregory Mankiw

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