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In the absence of a price floor, the maximum price that a few of the consumers are willing to pay is up to $100 per
In the absence of a price floor, the maximum price that a few of the consumers are willing to pay is up to $100 per barrel of gosum berries. The market equilibrium (E) price is $50 per barrel. How muchconsumer surplusis created when there isno price floor?Show your calculations.
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