b. Suppose the price of umbrellas is $14. Indicate the area of market consumer surplus in your

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b. Suppose the price of umbrellas is $14. Indicate the area of market consumer surplus in your graph. Also indicate the area that represents the total amount that consumers spend on umbrellas. $14 corresponds with a quantity of 15 Any price above $14 will indicate consumer surplus

Posted Date: Jun 25, 2024 05:03 PM

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b. Suppose the price of umbrellas is $14. Indicate the area of market consumer surplus in your

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