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Options are $40.1$64.9$118.1$50.7$160.5 Referring to the following graph, calculate the consumer surplus, if there is a price control at $3: 20 - P= $19.20 18

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Options are $40.1$64.9$118.1$50.7$160.5

image text in transcribed
Referring to the following graph, calculate the consumer surplus, if there is a price control at $3: 20 - P= $19.20 18 Demand Supply 16 14 - 12 Pc ($/mcf) 10 - $7.73 8 B 6 Pa= $6.40 4 A 2 Pmax = $3.00 Q -20.6 QD = 29.1 10 20 30 40 Quantity (Tcf) Q" = 23 $40.1 $64.9

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