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    Macroeconomics Study Set 20
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    Exam 19: Building Theories to Explain Everyday Life: From Observations to Questions to Theories to Predictions
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    -Refer to Exhibit 32-4
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-Refer to Exhibit 32-4

Question 83

Question 83

Multiple Choice

  -Refer to Exhibit 32-4.If producers of this good engage in rent seeking which results in the government imposing a price floor of P<sub>2</sub>,then consumers' surplus ends up being area A)  D + E B)  A + B + C + D + E C)  A + B + C D)  C + E E)  A
-Refer to Exhibit 32-4.If producers of this good engage in rent seeking which results in the government imposing a price floor of P2,then consumers' surplus ends up being area


A) D + E
B) A + B + C + D + E
C) A + B + C
D) C + E
E) A

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