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Note- total benefit is a concept that has been tested on the AP exam. This includes the area of the consumer surplus plus what the consumers pay for it(EQ price * EQ Q).
Complete practice problems 1-3
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Note- total benefit is a concept that has been tested on the AP exam. This includes the area of the consumer surplus plus what the consumers pay for it(EQ price * EQ Q).
Complete practice problems 1-3