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Microeconomics Midterm - Part 3 of 3!
SAMPLE
This is a sample practice set. In order to have a more personalized exam prep experience:
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5. Consumer and Producer Surplus; Price Ceilings and Floors / Quantitative Analysis of Price Ceilings and Price Floors: Finding Areas / Problem 10
Problem 10

Given a price floor of \$18, equilibrium price of \$15, demand axis price of \$25, and supply axis price of \$10, calculate the consumer surplus if the quantity sold is 40 units.