Multiple Choice
If the intended aim of the price ceiling set at $6, as shown in the graph, was a net increase in the well-being of consumers, the policy was:
A) effective because consumers gained in surplus overall.
B) ineffective because some consumers lost surplus.
C) ineffective because consumers lost surplus overall.
D) effective because all consumers gained surplus.
Correct Answer:
Verified
Related Questions
Q37: Q38: ![]()
![]()