Charging prices closer to what consumers are willing to pay
Charging prices closer to what consumers are willing to pay for a good:
a. Increases producer surplus
b. Reduces consumers surplus
c. Reduces consumers surplus and Increases producer surplus
d. None of the above
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charging prices closer to what consumers are willing to pay for a gooda increases producer surplusb reduces consumers
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year price level price level exchange real exchange rate for china for us rate 1997 1000 10000 012 012 1998 9920 10155
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