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Professor Neetu Kaushik. Ph.D., M.B.A.Fall 1 2018 Semester – SSE104SSE 103: Introduction to MicroeconomicsLaGuardia Community College, CUNYSubjective Assignment: Chapter 7: Consumers, Producers and Efficiency of MarketsInstructions:Write or type all your responses in a separate sheet of paper and submit it inthe class on Tuesday, October 30th. Each response must be minimum four full lines and mustbe in your own words. Maximum points for this assignment is 100.Answer the following questions and give it to me in the class.1.Define consumer surplus and provide an example. Also draw a graph showing thearea of a consumer surplus.2.Define producer surplus and provide an example. Also draw a graph showing the
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Supply And Demand, producer, economic surplus, City University of New York, price increase
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The document you are viewing contains questions related to this textbook.
Exploring Microeconomics
The document you are viewing contains questions related to this textbook.
Chapter 18 / Exercise 10
Exploring Microeconomics
Sexton
Expert Verified

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