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The number of seats in a football stadium is fixed at 70,000.The team raises the price of a ticket from $30,at which 70,000 are sold,to $40,and it sells 60,000 tickets.The price change caused a change in the consumer surplus of:
Section 11
A specific section in various legal documents or statutes that might encompass different regulations or requirements depending on the context.
1933 Securities Act
A U.S. law that regulates the offer and sale of securities to protect investors from deceit, misrepresentations, and other fraud.
Privity
A legal concept indicating a close, mutual, or successive relationship to the same right of property or the power to enforce a promise or warranty.
Due Diligence
The investigation or exercise of care that a reasonable business or person is normally expected to take before entering into an agreement or contract.
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