Reference: Ref 8-5 (Figure: Costs of Price Ceilings) Refer to the figure. What is the dollar amount of lost consumer surplus if a price ceiling of $4 is implemented?
A) $20
B) $10
C) $90
D) $80

Question

Reference: Ref 8-5 (Figure: Costs of Price Ceilings) Refer to the figure. What is the dollar amount of lost consumer surplus if a price ceiling of $4 is implemented?
A) $20 
B) $10 
C) $90 
D) $80

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 lost consumer surplus if a price ceiling of $4 is implemented?
A) $20 
B) $10 
C) $90 
D) $80

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