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Use the Following to Answer Questions 22-23

Question 12

Multiple Choice

Use the following to answer questions 22-23:
Figure 3.8 Use the following to answer questions 22-23: Figure 3.8 -(Figure 3.8) Suppose the government mandates a price ceiling of $3 per pound. Producer surplus decreases from: A) $1,500 to $800. B) $2,200 to $1,400. C) $4,500 to $2,000. D) $3,000 to $2,700.
-(Figure 3.8) Suppose the government mandates a price ceiling of $3 per pound. Producer surplus decreases from:


A) $1,500 to $800.
B) $2,200 to $1,400.
C) $4,500 to $2,000.
D) $3,000 to $2,700.

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