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Business, 17.02.2020 18:10 peoplearecoming

Miguel sells double-scoop ice cream cones at the market equilibrium price of $4. Assume the government intervenes and sets the price at $6. Benny still pays the higher price and buys double-scoop ice cream from Miguel. April no longer buys double-scoop ice cream cones because the price is too high. What has happened to consumer surplus in this market?

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Miguel sells double-scoop ice cream cones at the market equilibrium price of $4. Assume the governme...
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