Multiple Choice
Figure 3-19
-Refer to Figure 3-19. If the government mandated a price increase from Pe to a higher price, then
A) total surplus would decrease.
B) consumer surplus would increase.
C) total surplus would increase, since producer surplus would increase.
D) total surplus would remain unchanged.
Correct Answer:

Verified
Correct Answer:
Verified
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Q336: Figure 3-18 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7348/.jpg" alt="Figure 3-18