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You should have concluded that the McCoys do not live in neighborhood D. Suppose that there is an improvement in environmental quality in neighborhood D
You should have concluded that the McCoys do not live in neighborhood D. Suppose that there is an improvement in environmental quality in neighborhood D by 1 unit. Find the new equilibrium prices and put them in the table. Then, indicate what is the change in surplus for a McCoy household as a result of the improvement in neighborhood D
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