Multiple Choice
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.
Correct Answer:

Verified
Correct Answer:
Verified
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