$21 $18 Supply $15 $12 $9 $6 $3 Demand 100 200 300 400 500 600 700 Quantity of Key Lime Pies Part 1: Identify the equilibrium price of a key lime pie and the equilibrium quantity of key lime pies that are bought and sold at that price. Part 2: Calculate the amount of consumer surplus that is generated by this market. Part 3: Calculate the amount of producer surplus that is generated by this market. Price

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