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Question 192

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Use the following to answer questions:
Figure: The Market for Books Use the following to answer questions: Figure: The Market for Books   -(Figure: The Market for Books) Look at the figure The Market for Books. At the equilibrium price of $24, find the total surplus in the market for books.
-(Figure: The Market for Books) Look at the figure The Market for Books. At the equilibrium price of $24, find the total surplus in the market for books.

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Total surplus is the sum of consumer and...

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