Reference: Ref 8-9 (Figure: Price Ceilings and Consumer Surplus) Refer to the figure. There is a price ceiling of $20. What is the value of consumer surplus if all the goods are allocated randomly?
A) $120
B) $180
C) $80
D) None of the answers is correct.

Question

Reference: Ref 8-9 (Figure: Price Ceilings and Consumer Surplus) Refer to the figure. There is a price ceiling of $20. What is the value of consumer surplus if all the goods are allocated randomly?
A) $120 
B) $180 
C) $80 
D) None of the answers is correct.

Quizplus · Accepted Answer

The Answer of  Reference: Ref 8-9 (Figure: Price Ceilings and Consumer Surplus) Refer to the figure. There is a price ceiling of $20. What is the value of consumer surplus if all the goods are allocated randomly?
A) $120 
B) $180 
C) $80 
D) None of the answers is correct.