Essay
Figure: Quantity Controls
(Figure: Quantity Controls) Look at the figure Quantity Controls.If the government decides to restrict the quantity that is sold to 100, which of the following is not a true statement?
A.Total surplus will fall by areas C and
E.
B.The market is not at equilibrium.
C.Consumer surplus is maximized.
D.Mutually beneficial transactions have been missed.
Correct Answer:

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