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(Solved): The graph at the right shows the market for tiger shrimp. The market is initially in equilibrium a ...



The graph at the right shows the market for tiger shrimp. The market is initially in equilibrium at a price of \( \$ 15 \) an

The graph at the right shows the market for tiger shrimp. The market is initially in equilibrium at a price of and a quantity of 80 . Now suppose producers decide to cut output to 40 in order to raise the price to . What is the value of consumer surplus at a price of ? A. B. C. D.


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Answer : Given data : equilibrium at a price of = $15
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