=+a. Calculate consumer and producer surplus at the equilibrium in this market. b. Now the fifth edition

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=+a. Calculate consumer and producer surplus at the equilibrium in this market.

b. Now the fifth edition of this textbook becomes available. As a result, the willingness to pay of each potential buyer for a second-hand copy of the fourth edition falls by $20. Ina table, show the new demand schedule and again calculate consumer and producer surplus at the new

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Economics

ISBN: 9781319066604

5th Edition

Authors: Robin Krugman, Paul Wells

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