Figure 9.4.2
-Refer to Figure 9.4.2 above. As a result of this policy, consumer surplus will:
A) fall to $15.
B) fall to $2250.
C) rise to $2500.
D) fall to $5000.
E) rise to $5000.

Name: Figure 9.4.2 -Refer to Figure 9.4.2 above. As a result of this policy, consumer surplus will: A) fall to $15. B) fall to $2250. C) rise to $2500. D) fall to $5000. E) rise to $5000.
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Question

Figure 9.4.2
-Refer to Figure 9.4.2 above. As a result of this policy, consumer surplus will:
A) fall to $15. 
B) fall to $2250. 
C) rise to $2500. 
D) fall to $5000. 
E) rise to $5000.

Quizplus · Accepted Answer

The policy causes the price to rise from $50 to $100, leading to a reduction in consumer surplus from $4500 to $2250.

Figure 9.4.2 -Refer to Figure 9.4.2 Above. as a Result of This