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ECO100Y1 Chapter Notes - Chapter 4: Economic Surplus, Demand Curve, Efficient-Market Hypothesis
Consumer surplus and the demand curve: an individual consumer"s willingness to pay for a good is the maximum price at which he or she would buy the gooView Document
ECO100Y1 Lecture Notes - Lecture 4: Allocative Efficiency, Economic Surplus, Demand Curve
Applications of demand and supply; consumer demand theory. The government eliminates the tax on a carton of cigarettes. The tax on cigarettes is paidView Document