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Question 15 2.5 / 2.5 pts Figure 4-3 Price dollars per pound) 18 ...- Supply 13 Demand 11 40 Quantity (pounds) Figure 4-3 shows the

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Question 15 2.5 / 2.5 pts Figure 4-3 Price dollars per pound) 18 ...- Supply 13 Demand 11 40 Quantity (pounds) 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 consumer surplus at a price of $18? $180 $120 O $60 $240

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