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Consider the market for a good X. Suppose that P0= $1, P1=$10, PB=$7, PA = $3, and equilibrium price P*= $5. If Q0=10 , what
Consider the market for a good X. Suppose that P0= $1, P1=$10, PB=$7, PA = $3, and equilibrium price P*= $5. If Q0=10 , what are the Gains from Trade for the 10th unit if trade takes place at the equilibrium price? (Do not include a dollar sign $ in your answer)
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Microeconomics
Authors: David Laibson, John List
Global Edition 1st Edition
1292079576, 978-1292079578
