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Price (dollars per pound) $21 18 Supply 15 13 Demand 11 0 40 Quantity (pounds) Figure 4-4 shows the market for tiger shrimp. The market

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Price (dollars per pound) $21 18 Supply 15 13 Demand 11 0 40 Quantity (pounds) Figure 4-4 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 equilibrium price of $157 O $0 O $40 O $60 O $100

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