Reference: Ref 8-7 (Figure: Losses from Price Ceilings) Refer to the figure. A price ceiling of $1 causes lost consumer surplus equal to area ________ and lost producer surplus equal to area ________.

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The Answer of  Reference: Ref 8-7 (Figure: Losses from Price Ceilings) Refer to the figure. A price ceiling of $1 causes lost consumer surplus equal to area ________ and lost producer surplus equal to area ________.

Reference: Ref 8-7 (Figure: Losses from Price Ceilings) Refer to the Figure