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A Little Demonstration of Supply & Demand. Stodder, Rensselaer, Sep. 2009. Stodder, Rensselaer, Sep. 2009. $10 K. $10 K. $7.8 K. Stodder, Rensselaer, Sep. 2009. Producers’ Surplus and Revenues are Increased. Stodder, Rensselaer, Sep. 2009.
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A Little Demonstration of Supply & Demand Stodder, Rensselaer, Sep. 2009
$10 K $10 K $7.8 K Stodder, Rensselaer, Sep. 2009
Producers’ Surplus and Revenues are Increased Stodder, Rensselaer, Sep. 2009
Producers’ Surplus down slightly with Step Change, but Revenues still Increase Stodder, Rensselaer, Sep. 2009
Absolute ELASTICITY always < 1 Stodder, Rensselaer, Sep. 2009
An article on this logic: Stodder, Rensselaer, July 2012