Figure 9.1.3 -Refer to Figure 9.1.3 Above. If the Government Establishes a Establishes

Multiple Choice

Figure 9.1.3
-Refer to Figure 9.1.3 above. If the government establishes a price ceiling of $1.00, producer surplus will:

A) fall by $150.
B) fall by $300.
C) remain the same.
D) rise by $150.
E) rise by $300.