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(Figure: Price Ceilings and Consumer Surplus) Refer to Thefigure

Question 51

Multiple Choice

(Figure: Price Ceilings and Consumer Surplus) Refer to thefigure. There is a price ceiling of $20. What is the value ofconsumer surplus if all units of the good are allocated to thehighest valued uses? A) $40 B) $120 C) $200 D) $210 (Figure: Price Ceilings and Consumer Surplus) Refer to thefigure. There is a price ceiling of $20. What is the value ofconsumer surplus if all units of the good are allocated to thehighest valued uses?


A) $40
B) $120
C) $200
D) $210

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