Lecture Introduction to economics: Social issues and economic thinking: Chapter 4 - Wendy A. Stock
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Chapter 4 - Consumer surplus, producer surplus, and economic efficiency. After completing this unit, you should be able to: Describe consumer surplus, producer surplus, economic surplus, and deadweight loss; illustrate and compute consumer surplus, producer surplus, and deadweight loss; describe how economic surplus can represent social welfare and economic efficiency.
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Lecture Introduction to economics: Social issues and economic thinking: Chapter 4 - Wendy A. Stock
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Lecture Introduction to economics: Social issues and economic thinking: Chapter 4 - Wendy A. Stock
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