Use the following to answer questions: Figure: Price Ceilings and Consumer Valuation 
-Figure: Price Ceilings and Lost Consumer Surplus 
Refer to the figure. The figure measures the consumer surplus associated with a price ceiling, assuming:
A) the worst-case scenario.
B) the best-case scenario.
C) random allocation of the product between highest-valued and lowest-valued users.
D) total consumer surplus is maximized in the market.
Correct Answer:
Verified
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Figure: Price
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Figure: Price
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Figure: Price
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Figure: Price
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Figure: Price
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A) are limited
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Figure: Price
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