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Economics
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What is a market surplus, and how does the market attempt to resolve a surplus?

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Darryn D'Souza
Darryn D'SouzaLv10
28 Sep 2019
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Related questions

How is consumer surplus defined and what does it attempt to measure? Suppose that a firm is able to perfectly price discriminate in a market. If a firm does this, what happens to consumer surplus in the market? Is price discrimination fair? Why or why not?

6. Raisin bran and milk are complementary goods. A decrease in the price of raisins will a. increase consumer surplus in the market for raisin bran and decrease producer surplus in the market for milk. increase consumer surplus in the market for raisin bran and increase producer surplus in the market for milk. C. decrease consumer surplus in the market for raisin bran and increase producer surplus in the market for milk. d. decrease consumer surplus in the market for raisin bran and decrease producer surplus in the market for milk.

When a country that imports a particular good imposes a tariff on that good,
Ā 
a. consumer surplus decreases and total surplus decreases in the market for that good.
b. consumer surplus increases and total surplus increases in the market for that good.
c. consumer surplus decreases and total surplus increases in the market for that good.
d. consumer surplus increases and total surplus decreases in the market for that good.

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