Figure 4-4 Figure 4-4 Shows the Market for Tiger

Multiple Choice

Figure 4-4 Figure 4-4 shows the market for tiger shrimp. The market is initially in equilibrium at a price of $15 and a quantity of 80. Now suppose producers decide to cut output to 40 in order to raise the price to $18.
-Refer to Figure 4-4. What is the value of the deadweight loss at a price of $18?

A) $100
B) $180
C) $660
D) $1,040