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Regis hungry for a snack. Here is the value he places on a cupcake:

Value of first cupcake 5dollars

Value of second cupcake 4dollars

Value of third cupcake 3dollars

Value of fourth cupcake 2dollars

a. From this schedule, derive regi's demand schedule. Graph his demand curve for cupcakes and if the price of a cupcake is 3.50 dollars, how many cupcakes does regis get from his purchase? show his consumer surplus in graph.

Econometrics, Economics

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