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-The Above Figure Shows the Market for DVDs

Question 34

Multiple Choice

-The above figure shows the market for DVDs. The government decides that all citizens deserve to watch affordable DVDs so a price ceiling of $12 per DVD is placed on DVDs. After this price ceiling is in effect, and taking account of the resources lost in search, consumer surplus equals ________. A) $200,000 B) $400,000 C) $100,000 D) $900,000 E) $180,000
-The above figure shows the market for DVDs. The government decides that all citizens deserve to watch affordable DVDs so a price ceiling of $12 per DVD is placed on DVDs. After this price ceiling is in effect, and taking account of the resources lost in search, consumer surplus equals ________.


A) $200,000
B) $400,000
C) $100,000
D) $900,000
E) $180,000

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