Explain how much consumer surplus exists in this market

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Reference no: EM1361546

Q. International Organizations-whether UN, NATO, World Bank, WTO, IMF, and others-are no more than the playgrounds of major powers who use these multilateral institutions to advance their own interests-often at the expense of less-powerful countries. Defend or refute this statement.

Q. Qd=500-5P and Qs=2P-60 graph the supply demand curve

what are the equilibrium quantity and equilibrium price?

Explain how much consumer surplus exists in this market? If a $2.00 excise tax is levied on this good what will happen to equilibrium price and quantity?

What will consumer surplus be after the tax?

Reference no: EM1361546

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