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Question 1: Around Baruch, several businesses offer student discounts; students receive a higher consumer surplus than those customers who do not receive the discounts. True

Question 1:Around Baruch, several businesses offer student discounts; students receive a higher consumer surplus than those customers who do not receive the discounts. True or False and Why?

Question 2: Agricultural markets are special because the supply curves can have extreme elasticities in the short-run and long-run. True or False and Why?

Question 3: It is easier for researchers to estimate producer surplus than consumer surplus. True or False and Why?

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