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Answer to Question #70120 in Microeconomics for Hui Yi
Question #70120
Provide an intuitive explanation for why “buy one, get one free” deal
is not the same as a “half-price” sale. Use demand curve Q=12-2P,
and original price P∗ = 5 to calculate consumer surplus under each
deal.
is not the same as a “half-price” sale. Use demand curve Q=12-2P,
and original price P∗ = 5 to calculate consumer surplus under each
deal.
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