=+surplus before the introduction of the price ceiling has been transferred to consumers as a result of

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=+surplus before the introduction of the price ceiling has been transferred to consumers as a result of the price ceiling.

e. Using the diagram, show how much of what was total surplus before the introduction of the price ceiling has been lost. That is, how great is the

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Economics

ISBN: 9781319066604

5th Edition

Authors: Robin Krugman, Paul Wells

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