Question
A super typhoon greatly affected the mango farms in Philippines by making the mango crops taste super sour and some were developed prematurely and were
A super typhoon greatly affected the mango farms in Philippines by making the mango crops taste super sour and some were developed prematurely and were scattered on the ground making them not eligible for sale due to defects.
Required:
a. Explain what happens to the consumer surplus in the market for mangoes.
b. Explain what happens to the consumer surplus in the market for mango shake.
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Economics Today The Macro View
Authors: Roger LeRoy Miller
18th Edition
0133884872, 978-0133884876
