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Answered Resave PQ 8.05 A cinema has a capacity of 250 seats. Suppose the cinema increases the price of a ticket from $20, at which

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Answered Resave PQ 8.05 A cinema has a capacity of 250 seats. Suppose the cinema increases the price of a ticket from $20, at which 250 tickets are sold, to $25, and it sells 150 tickets. The price increase caused a drop in total consumer surplus of $ . (Hint: draw this scenario out before trying to calculate). Type your numeric answer and submit

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