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Figure 9.1.1 -Refer to Figure 9.1.1 Above. Suppose the Market Is Currently

Question 140

Multiple Choice

Figure 9.1.1 -Refer to Figure 9.1.1 above. Suppose the market is currently in equilibrium. If the government establishes a price ceiling of $20, consumer surplus will: A) fall by $200. B) fall by $300. C) remain the same. D) rise by $200. E) rise by $300. Figure 9.1.1
-Refer to Figure 9.1.1 above. Suppose the market is currently in equilibrium. If the government establishes a price ceiling of $20, consumer surplus will:


A) fall by $200.
B) fall by $300.
C) remain the same.
D) rise by $200.
E) rise by $300.

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