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Refer to the Figure Below

Question 121

Multiple Choice

Refer to the figure below. Refer to the figure below. If a price ceiling were imposed at $4, total economic surplus would be ______, which is ______ less than when the market is unregulated market. A) $8; $24 B) $24; $8 C) $24; $16 D) $48; $8 If a price ceiling were imposed at $4, total economic surplus would be ______, which is ______ less than when the market is unregulated market.


A) $8; $24
B) $24; $8
C) $24; $16
D) $48; $8

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