Three students have each saved $1000. Each has an investment opportunity in which he or she can invest up to $2000. The rates of return on the…
September 3, 2020
After reviewing and reading course materials discussed so far in our class, (inflation, unemployment, CPI, etc.
September 3, 2020

There are two consumers, Andy and Ben, in the market for pumpkins. Their willingness to pay for each pumpkin is shown in the table Pumpkin Market. There are two producers of pumpkins, Cindy and Diane, and their costs are also shown. The equilibrium price for pumpkins is $8 and the equilibrium quantity is 5. If Ben buys one fewer pumpkin and Cindy sells one more pumpkin than in equilibrium, total surplus will _____ by _____.

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