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Consumer Surplus and WIllingness to Pay
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Consumer Surplus and WIllingness to Pay
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5. Consumer and Producer Surplus; Price Ceilings and Price Floors / WIllingness to Pay and Consumer Surplus / Problem 5
Problem 5
How do you calculate consumer surplus?
A
Add market price to willingness to pay.
B
Divide market price by willingness to pay.
C
Multiply market price by willingness to pay.
D
Subtract market price from willingness to pay.
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