HayesP_ECON248_1OL_F19_GradedAssignmentCh4.docx - Peter Hayes 8 September 2019 ECON 248 Graded Assignment Homework Chapter 4 Page 96 Question#1 The

HayesP_ECON248_1OL_F19_GradedAssignmentCh4.docx - Peter...

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Peter Hayes 8 September 2019 ECON 248 Graded Assignment: Homework Chapter 4 Page 96 Question #1:The diagram I put together displays how producer surplus and consumer surplus are related/fit into the market’s supply and demand curve. It’s important to note that consumer surplus is the difference between the highest price a consumer is open to paying and the lower price that is

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