Consumer surplus is always the total area below the demand curve and above the price.
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Q2: Producer surplus from a unit of output
Q3: If the world supply of diamonds decreases,
Q4: Consumer surplus increases whenever the price of
Q5: Producer surplus is always the total area
Q6: If Ming is willing to pay $75
Q8: Consumer surplus increases whenever the price of
Q9: If the world supply of diamonds increases,
Q10: Other things equal, a price floor will
Q11: Producer surplus is always the total area
Q12: If a customer had to pay a
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