Essay
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Figure: Demand for Cincinnati Reds Games Tickets 
-(Figure: Demand for Cincinnati Reds Games Tickets) The figure Demand for Cincinnati Red Games Tickets represents Jeff's annual demand for tickets to Cincinnati Reds baseball games. Suppose the Reds required all fans to purchase a $12 parking pass for each game. This effectively raises the price of a ticket to $32, and Jeff will decrease his quantity demanded for Reds baseball by one ticket this year. How much consumer surplus has Jeff lost?
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