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True or false -Consumer surplus is the amount of money a consumer has left over after purchasing a good or service -the difference between the
True or false -Consumer surplus is the amount of money a consumer has left over after purchasing a good or service -the difference between the total value to the consumer and the market value of the product is the consumer surplus.- the producer surplus is the same as profits to the producer- deadweight loss is the fall in total surplus that results from a market distortion such as a tax-the world price of a good only prevails in the western hemisphere
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