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-The Above Figure Shows the Demand and Supply Curves in the Market

Question 115

Multiple Choice

-The above figure shows the demand and supply curves in the market for milk.If the government imposes a quota at 500 gallons,calculate the change in the consumer surplus. A) △CS = -250 B) △CS = -150 C) △CS = -500 D) △CS = 200
-The above figure shows the demand and supply curves in the market for milk.If the government imposes a quota at 500 gallons,calculate the change in the consumer surplus.


A) △CS = -250
B) △CS = -150
C) △CS = -500
D) △CS = 200

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