Graphs 1. Show using supply and demand analysis the areas that make up consumer surplus, producer...

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Graphs 1. Show using supply and demand analysis the areas that make up consumer surplus, producer surplus, and total surplus.

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1ComsumensSurpus is the dfeaemce be tweem Comumens willingmess te pay and the manket priee , LE is the area be law deimand cu

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Graphs 1. Show using supply and demand analysis the areas that make up consumer surplus, producer...

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Illustrate (draw a graph) consumer and producer surplus using demand and supply graph and explain how total surplus (consumer surplus plus producer surplus) can be maximised at the equilibrium level.

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Graphs 1. Show using supply and demand analysis the areas that make up consumer surplus, producer...

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