menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Issues in Economics Today
  4. Exam
    Exam 3: The Concept of Elasticity and Consumer and Producer Surplus
  5. Question
    Suppose a New Law Makes Illegal the Sale of a Good
Solved

Suppose a New Law Makes Illegal the Sale of a Good

Question 17

Question 17

Multiple Choice

Suppose a new law makes illegal the sale of a good that had been legal. This will


A) decrease consumer surplus.
B) increase consumer surplus.
C) increase producer surplus.
D) eliminate deadweight loss.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q12: The value to the consumer is based

Q13: The elasticity of demand can change with<br>A)the

Q14: When looking at the impact of a

Q15: If the price of a good decreases

Q16: For an economist to say that too

Q18: If the price falls and the total

Q19: Deadweight Loss is defined as<br>A)the loss to

Q20: The amount of money consumers pay producers

Q21: An increase in supply will decrease prices

Q22: Goods and services which have relatively inelastic

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines