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In the graph below, if the minimum price is set at P1, what area(s) represent the producer
surplus after the implementation of this policy? E+F A B+E
Boris and Sofia each receive a giit. Initially. Boris receives a blue scarf and Sofia receives a
green scart. Neither of them has to pay anything for these scarves. Their valuation of each good
is given in the table below. They decide to trade. What is the new total economic surplus? 29 45
74 119

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In the graph below, if the minimum price is set at P1, what are.pdf

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