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Assume that the market for shirts is not in equilibrium. Explain the concept of consumer and producer surplus. Create a graph that illustrates consumer surplus
"Assume that the market for shirts is not in equilibrium. Explain the concept of consumer and producer surplus. Create a graph that illustrates consumer surplus and producer surplus. Be sure to label your axises and clearly point out the areas that illustrate both consumer surplus and producer surplus. You don't need to make up numbers to answer this question."
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