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Question 33

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Use the following to answer questions:
Figure: The Market for Sandwiches Use the following to answer questions: Figure: The Market for Sandwiches   -(Figure: The Market for Sandwiches) Use Figure: The Market for Sandwiches.Suppose that a price floor is set at $7.At this price,consumer surplus is equal to _____ and producer surplus is equal to _____. A)  $64;$40 B)  $64;$24 C)  $32;$24 D)  $32;$40
-(Figure: The Market for Sandwiches) Use Figure: The Market for Sandwiches.Suppose that a price floor is set at $7.At this price,consumer surplus is equal to _____ and producer surplus is equal to _____.


A) $64;$40
B) $64;$24
C) $32;$24
D) $32;$40

Correct Answer:

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