Reference: Ref 8-5 (Figure: Costs of Price Ceilings) Refer to the figure. What is the dollar amount of the value of wasted time if a price ceiling of $4 is implemented?
A) $160
B) $180
C) $320
D) $220

Question

Reference: Ref 8-5 (Figure: Costs of Price Ceilings) Refer to the figure. What is the dollar amount of the value of wasted time if a price ceiling of $4 is implemented?
A) $160 
B) $180 
C) $320 
D) $220

Quizplus · Accepted Answer

The Answer of  Reference: Ref 8-5 (Figure: Costs of Price Ceilings) Refer to the figure. What is the dollar amount of the value of wasted time if a price ceiling of $4 is implemented?
A) $160 
B) $180 
C) $320 
D) $220

Reference: Ref 8-5 (Figure: Costs of Price Ceilings) Refer to the Figure