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Calculate consumer surplus and producer surplus using the diagram below. Price (wage per hour) $24.00 $20.00 Supply $16.00 Consumer Surplus $12.00 Producer Surplus $8.00 -

Calculate consumer surplus and producer surplus using the diagram below. Price (wage per hour) $24.00 $20.00 Supply $16.00 Consumer Surplus $12.00 Producer Surplus $8.00 - $4.00 Demand $0.00 6 Quantity Of Workers (in millions)

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