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Question 55 (1 point) Figure 4 TPrice 85 4 80+ 75 Supply 70 - 65 35 30 20 15 - 10 + Demand 9 10

Question 55 (1 point) Figure 4 TPrice 85 4 80+ 75 Supply 70 - 65 35 30 20 15 - 10 + Demand 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 Quantity Refer to Figure 4. If the government imposes a price ceiling of $60 in this market, then consumer surplus is a $37.50 b $266.67 C $150 d $112.50

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