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If the Intended Aim of the Price Ceiling Set at $6

Question 42

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. 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.

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