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Lecture

Consumer Surplus
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by Anu J
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Department
Economics
Course
ECON 1000
Professor
Kieran Furlong
Semester
Fall

Description
thAnushree JoshiDAY 7 LECTURESeptember 27 Consumer SurplusConsumer surplusthe difference between what someone would pay for something and what they actually end up paying less that cost o Example Beer is 2 Someone is willing to pay 350 325 300 175 150 But only everyone to whom beer is worth exactly or over 2 buys it everyone else doesnt What is the consumer surplus ON EXAMAdd up all the things that people are willing to pay353253275
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