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Refer to the Accompanying Figure

Question 30

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Refer to the accompanying figure. Suppose the dairy lobby convinces the government to impose price controls in this market. If the government requires cheese to be sold for a price of $8 per pound, total consumer surplus in the market would equal: Refer to the accompanying figure. Suppose the dairy lobby convinces the government to impose price controls in this market. If the government requires cheese to be sold for a price of $8 per pound, total consumer surplus in the market would equal:   A) $20 per day. B) $60 per day. C) $80 per day. D) $120 per day.


A) $20 per day.
B) $60 per day.
C) $80 per day.
D) $120 per day.

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