Multiple Choice
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.
Correct Answer:

Verified
Correct Answer:
Verified
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