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Aldi's Australia is going to drop their prices for some staple products such as free-range eggs, cheese and mince. This price reduction is going to
Aldi's Australia is going to drop their prices for some staple products such as free-range eggs, cheese and mince. This price reduction is going to be as high as 30%. It comes in when people are finding grocery shopping unaffordable given that many have lost their jobs or work reduced hours.How will the consumer and producer surplus change with the proposed reduction in price? Explain with the help of relevant diagrams.
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