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New York Times , May 6, 1900

The average yearly consumption of ice by the Boroughs of Manhattan and the Bronx is 2,000,000 tons. Ice here last year was sold to families at 25 cents per 100 pounds. . New York Times , May 6, 1900 . Demand. Price ($ per 100 lb Block). Supply. Consumer Surplus = $20 million per year.

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New York Times , May 6, 1900

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  1. The average yearly consumption of ice by the Boroughs of Manhattan and the Bronx is 2,000,000 tons. Ice here last year was sold to families at 25 cents per 100 pounds. New York Times, May 6, 1900 Demand Price ($ per 100 lb Block) Supply Consumer Surplus = $20 million per year Producer Surplus = $4 million per year Quantity (millions of blocks per year)

  2. The average yearly consumption of ice by the Boroughs of Manhattan and the Bronx is 2,000,000 tons. Ice here last year was sold to families at 25 cents per 100 pounds. New York Times, May 6, 1900 Price ($ per 100 lb Block) MC= Consumer Surplus = $6.05 million per year 0.70 Deadweight Loss= $4.95 million per year 0.15 Quantity (millions of blocks per year) 22

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