With this above graph, where is the surplus and supply positions located? Please note, price is $0 as it is a free service. Population has increased from 100,000 to 200,000 people, and the free service only accommodates 100,000 people.
The consumer surplus is the green colored area... View the full answer
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Guideline on how to tackle the question There are two types of surpluses. Consumer and producer surplus. Consumer surplus is... View the full answer