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John would have paid $18 to see a new movie but the price was $10 to get in. What would the extra $8 be considered
John would have paid $18 to see a new movie but the price was $10 to get in. What would the extra $8 be considered in economic terms? Question 3 options: A) Producer surplus B) Producer shortage C) Consumer surplus D) Consumer shortage
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Microeconomics
Authors: Robert Pindyck, Daniel Rubinfeld
8th edition
978-0132870436, 132870436, 013285712X, 978-0133371178, 133371174, 978-0132857123
