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Figure 4-11 Figure 4-11 Shows the Demand and Supply

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Figure 4-11 Figure 4-11   Figure 4-11 shows the demand and supply curves for the coffee market. The government believes that the equilibrium price is too low and tries to help almond growers by setting a price floor at $7.00. -Refer to Figure 4-11. What is the value of producer surplus after the imposition of the price floor? A)  $3,000 B)  $3,600 C)  $4,200 D)  $4,500 Figure 4-11 shows the demand and supply curves for the coffee market. The government believes that the equilibrium price is too low and tries to help almond growers by setting a price floor at $7.00.
-Refer to Figure 4-11. What is the value of producer surplus after the imposition of the price floor?


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