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1) If there is no tax on coffee,what is the price and how much coffee consumed? 2) What is consumer surplus,show calculations? 3) What is
1) If there is no tax on coffee,what is the price and how much coffee consumed? 2) What is consumer surplus,show calculations? 3) What is the price of demand when price goes up from 4dollar to 5dollars? Is the demand for coffee elastic or inelastic?
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