Answer to Question #38253 in Microeconomics for Phyllis

Question #38253
Explain why all consumers receive a surplus whenever they purchase more than one unit of a product. Why does consumer surplus increase when the price of a product falls? Why do sellers of the same good also receive a surplus?
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Expert's answer
2014-01-13T13:08:49-0500
The answer to the question is available in the PDF file https://www.assignmentexpert.com/https://www.assignmentexpert.com/homework-answers/economics-answer-38253.pdf

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