Figure 4-3 shows the market for tiger shrimp. The market is initially in equilibrium at a price of $15 and a quantity of 80. Now suppose producers decide to cut output to 40 in order to raise the price to $18.

Refer to Figure 4-3. What is the value of the deadweight loss at the price of $18?

Group of answer choices

$0

$40

$60

$100

Safari File Edit View History Bookmarks Window Help Q 8 Mon Mar 18 1:12 PM ...