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SIS Assume the following values for the diagrams below: Q1 = 25 bags. Q2 = 20 bags. Q3 = 32 bags. The market equilibrium price

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SIS Assume the following values for the diagrams below: Q1 = 25 bags. Q2 = 20 bags. Q3 = 32 bags. The market equilibrium price is $35 per bag. The price at point a is $110 per bag. The price at point c is $10 per bag. The price at point dis $50 per bag. The price at point e is $30 per bag. The price at point fis $55 per bag. The price at point g is $27 per bag. Apply the formula for the area of a triangle (Area = 1/2 x Base x Height) to answer the following questions. Efficiency loss from underproduction Efficiency loss from overproduction Price (per bag) Price (per bag)

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