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Assertion (A): Consumer's surplus is the difference between the potential price and the actual price.Reason (R): There exists an inverse relationship between the price and the consumer's surplus.

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Microeconomics is a branch of economics that analyzes market behavior of individuals and firms in order to understand their decision-making processes.


Assertion (A): Consumer's surplus is the difference between the potential price and the actual price.<br>Reason (R): There exists an inverse relationship between the price and the consumer's surplus.






 
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