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The chart below shows the market for frog's legs. The equilibrium point is 80 …

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Wize University Microeconomics Textbook > Efficiency

Consumer Surplus

3 Activities

The chart below shows the market for frog's legs.
The equilibrium point is 80 pounds at price of $15 per pound. Suppliers want to raise the price to $18 per pound which will also reduce the quantity in pounds.


What is the dollar value of the consumer surplus at the price of $18 per pound?
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