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1. Problem #1 Figure 1 Price 250 + 225 + 200 175 + 150 125 + 100 + 75 50+ 25+ Demand 25 50 75
1. Problem #1 Figure 1 Price 250 + 225 + 200 175 + 150 125 + 100 + 75 50+ 25+ Demand 25 50 75 100 125 150 Quantity Using Figure-1, find the value of Consumer Surplus and show how you got your answers: A) When the price is $150. (2Marks) B) When the price is $100. (2 Marks) C) What happened to CS as a result of the price change? (1 Mark)
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Auditing A Risk Based Approach
Authors: Karla M Johnstone-Zehms, Audrey A. Gramling, Larry E. Rittenberg
12th Edition
035772187X, 978-0357721872
