Solved

Use the Following to Answer Question

Question 81

Multiple Choice

Use the following to answer question:
Figure: Quantity Controls Use the following to answer question: Figure: Quantity Controls   -(Figure: Quantity Controls)  Look at the figure Quantity Controls. If the government decides to restrict the quantity sold to 100, which of the following is FALSE? 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.
-(Figure: Quantity Controls) Look at the figure Quantity Controls. If the government decides to restrict the quantity sold to 100, which of the following is FALSE?


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:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions