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Author Question: Assume a person reveals the following demand conditions. At a price of $10, quantity demanded is ... (Read 109 times)

blkth103

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on: Oct 12, 2022
Assume a person reveals the following demand conditions. At a price of $10, quantity demanded is zero; and at a price of $1, quantity demanded is 10 units.
◦ The consumer surplus will be the area under the entire demand curve.
◦ The consumer surplus is zero at a price of $1.
◦ The lower the price the smaller the consumer surplus.
◦ The consumer surplus will be zero at a price of $10.
◦ The higher the price, the larger the consumer surplus.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by blkth103 on Oct 12, 2022

3ginamay

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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blkth103

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Reply 2 on: Oct 12, 2022
Thanks for the timely response, appreciate it

ttt030911

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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