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Consumer and Producer Surplus; Price Controls

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This document defines consumer and producer surplus, showing it on a graph and giving mathematical examples. It has a description of supply elasticity on a graph. It also shows the effects of government price controls on a graph, as well as showing a graph of a tax.

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Institution: Wesleyan University
Course: ECON 110 (ECON110)

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Uploaded on: May 23, 2019
Number of pages: 2
Written in: 2018/2019
Type: Class notes
Professor(s): Unknown
Contains: All classes

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