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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 / Consumer Surplus and Willingness to Pay / Problem 4
Problem 4

If the demand curve is linear and the market price is \$4, with a maximum willingness to pay of \$10 and a quantity of 6, what is the consumer surplus?