Use the following to answer questions 22-23:
Figure 3.8
-(Figure 3.8) Suppose the government mandates a price ceiling of $3 per pound. Producer surplus decreases from:
A) $1,500 to $800.
B) $2,200 to $1,400.
C) $4,500 to $2,000.
D) $3,000 to $2,700.

Question

Use the following to answer questions 22-23:
Figure 3.8 
-(Figure 3.8) Suppose the government mandates a price ceiling of $3 per pound. Producer surplus decreases from:
A) $1,500 to $800. 
B) $2,200 to $1,400. 
C) $4,500 to $2,000. 
D) $3,000 to $2,700.

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The Answer of Use the following to answer questions 22-23:
Figure 3.8 
-(Figure 3.8) Suppose the government mandates a price ceiling of $3 per pound. Producer surplus decreases from:
A) $1,500 to $800. 
B) $2,200 to $1,400. 
C) $4,500 to $2,000. 
D) $3,000 to $2,700.

Use the Following to Answer Questions 22-23