Business, 08.10.2021 19:10 saren47

35 points, please help Use the graph below to depict the following. Assume the initial market price is $4.
a. Identify the area of the initial consumer surplus, CS1, if the market price is $4. Next, assume that supply decreases and the market
price rises to $5. Draw the new supply curve and identify the new area of consumer surplus, CS2, on the graph.

35 points, please help

Use the graph below to depict the following. Assume the initial mark

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35 points, please help Use the graph below to depict the following. Assume the initial market pric...

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