-Refer to the diagram above.Assume that a price ceiling is imposed at point G,i.e. ,the price is now represented by the distance 0G.After the price ceiling is imposed,consumer surplus _________ and is now represented by the area _______.
A) decreases;BJEH
B) increases;BAEH
C) decreases;JAE
D) increases;GAEF
E) does not change;BAC

Question

-Refer to the diagram above.Assume that a price ceiling is imposed at point G,i.e. ,the price is now represented by the distance 0G.After the price ceiling is imposed,consumer surplus _________ and is now represented by the area _______.
A) decreases;BJEH 
B) increases;BAEH 
C) decreases;JAE 
D) increases;GAEF 
E) does not change;BAC

Quizplus · Accepted Answer

The Answer of 
-Refer to the diagram above.Assume that a price ceiling is imposed at point G,i.e. ,the price is now represented by the distance 0G.After the price ceiling is imposed,consumer surplus _________ and is now represented by the area _______.
A) decreases;BJEH 
B) increases;BAEH 
C) decreases;JAE 
D) increases;GAEF 
E) does not change;BAC

-Refer to the Diagram Above