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The Following Figure Shows the Effect of a Price Ceiling

Question 49

Multiple Choice

The following figure shows the effect of a price ceiling in the market for yams.The market was initially in equilibrium at price P2 and quantity B.
Figure 10-1 The following figure shows the effect of a price ceiling in the market for yams.The market was initially in equilibrium at price P<sub>2 </sub>and quantity B. Figure 10-1 -In Figure 10-1,the aggregate producer surplus at the initial point of equilibrium,F,is area _____. A) P<sub>2</sub>FIP<sub>1</sub> B) FP<sub>2</sub>M C) MIP<sub>1</sub> D) LP<sub>2</sub>F
-In Figure 10-1,the aggregate producer surplus at the initial point of equilibrium,F,is area _____.


A) P2FIP1
B) FP2M
C) MIP1
D) LP2F

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