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Answer to Question #43630 in Microeconomics for chua bee yin

Question #43630
Suppose that a good is in perfectly elastic supply at price of rm5. the market demand curve for this good is linear ,with zero quantity demanded at a price of rm25. if the slope of this linear demand curve is-0.25 draw a supply and demand graph to illustrate the consumer surplus that occurs when the market is in equilibrium. (10marks)
1
Expert's answer
2014-06-24T09:21:22-0400
The answer to the question is available in the PDF file https://assignmentexpert.com/homework-answers/economics-answer-43630.pdf

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