(Figure: Market for Asparagus I) Relative to the initial market equilibrium, at a price ceiling of $2, what is the amount of surplus transferred from producers to consumers?
A) $4,000
B) $2,000
C) $1,000
D) $500

Question

(Figure: Market for Asparagus I) Relative to the initial market equilibrium, at a price ceiling of $2, what is the amount of surplus transferred from producers to consumers? 
A) $4,000 
B) $2,000 
C) $1,000 
D) $500

Quizplus · Accepted Answer

The Answer of (Figure: Market for Asparagus I) Relative to the initial market equilibrium, at a price ceiling of $2, what is the amount of surplus transferred from producers to consumers? 
A) $4,000 
B) $2,000 
C) $1,000 
D) $500

(Figure: Market for Asparagus I) Relative to the Initial Market