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-The Above Figure Shows the Market for DVDs

Question 48

Multiple Choice

-The above figure shows the market for DVDs. The government decides that all citizens deserve to watch affordable DVDs so a price ceiling of $12 per DVD is placed on DVDs. After this price ceiling is in effect, producer surplus equals ________. A) $900,000 B) $100,000 C) $400,000 D) $200,000 E) $1,800,000
-The above figure shows the market for DVDs. The government decides that all citizens deserve to watch affordable DVDs so a price ceiling of $12 per DVD is placed on DVDs. After this price ceiling is in effect, producer surplus equals ________.


A) $900,000
B) $100,000
C) $400,000
D) $200,000
E) $1,800,000

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