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-The Price Ceiling Depicted in the Above Figure Results in

Question 237

Multiple Choice

-The price ceiling depicted in the above figure results in A) consumer surplus increasing from $30 thousand to $34.5 thousand. B) producer surplus decreasing from $24 thousand to $6 thousand. C) a deadweight loss of $16 thousand. D) Both answers A and B are correct.
-The price ceiling depicted in the above figure results in


A) consumer surplus increasing from $30 thousand to $34.5 thousand.
B) producer surplus decreasing from $24 thousand to $6 thousand.
C) a deadweight loss of $16 thousand.
D) Both answers A and B are correct.

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