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If a Price Ceiling Is Set at $8 in the Market

Question 24

Multiple Choice

If a price ceiling is set at $8 in the market shown in the graph: A) some surplus will be transferred from consumer to producer. B) some surplus will be transferred from producer to consumer. C) all consumers will be better off. D) all producers will be better off. If a price ceiling is set at $8 in the market shown in the graph:


A) some surplus will be transferred from consumer to producer.
B) some surplus will be transferred from producer to consumer.
C) all consumers will be better off.
D) all producers will be better off.

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