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Suppose you would be willing to pay as much as $5.75 for a large latte. Lattes are currently selling at an equilibrium price of $4.00.

Suppose you would be willing to pay as much as $5.75 for a large latte. Lattes are currently selling at an equilibrium price of $4.00. a) What is the value of the total benefit you expect to get from buying one large latte? b) Would you get a consumer surplus from buying the latte at the price of $4.00? If so, how much and why?

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