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$21 15 .. an... . rip... ......:... . . .... w.... . .. i 13 ' . 0 46 30 Quantity (pounds) Figure 4-4 shows

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$21 15 .. an...\" . rip... ......:... . . .... w.... . .. i 13 ' . 0 46 30 Quantity (pounds) Figure 4-4 shows the market for tiger shrimp. The market is initially in equilibri a price of $15 and a quantity of 80. Now suppose producers decide to cut out; 40 in order to raise the price to $18. Refer to Figure 4-4. What is the value of consumer surplus at a price of $18

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