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-Based on the Graph Above, Suppose the Government Sets a Price

Question 29

Multiple Choice

-Based on the graph above, suppose the government sets a price ceiling of $50 in this market. What is the maximum level of consumer surplus with the price ceiling? A) 16,875 B) 11,250 C) 8,437.50 D) 4,687.50
-Based on the graph above, suppose the government sets a price ceiling of $50 in this market. What is the maximum level of consumer surplus with the price ceiling?


A) 16,875
B) 11,250
C) 8,437.50
D) 4,687.50

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