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-Refer to Exhibit 32-4

Question 88

Multiple Choice

-Refer to Exhibit 32-4.Suppose that producers of this good engage in rent seeking which results in the government imposing a price floor of P<sub>2</sub>.The gain in producers' surplus that occurs due to the price floor is A) B + C B) A + B + C + D + E C) A + B + C D) C + E E) B
-Refer to Exhibit 32-4.Suppose that producers of this good engage in rent seeking which results in the government imposing a price floor of P2.The gain in producers' surplus that occurs due to the price floor is


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

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