Using the tables in Check Your Understanding 4-1 and 4-2, find the equilibrium price and quantity in

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Using the tables in Check Your Understanding 4-1 and 4-2, find the equilibrium price and quantity in the market for cheese-stuffed jalapeno peppers. What is total surplus in the equilibrium in this market, and who receives it?

Data from Table 4-1

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Data from Table 4-2

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Macroeconomics

ISBN: 9781319098759

5th Edition

Authors: Paul Krugman, Robin Wells

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