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Consider the above demand curve, which represents Jeff's demand for Giants baseball tickets, i.e. how many games he will attend and given prices. The current
Consider the above demand curve, which represents Jeff's demand for Giants baseball tickets, i.e. how many games he will attend and given prices. The current ticket price is $20. Suppose the Giants required all fans to purchase a parking pass for each game, at a price of $12. This effectively raises the price of a ticket to $32 and Jeff will decrease his quantity demanded for Giants baseball by one ticket this year. How much is his new consumer surplus?
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