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

Question 54

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 the goods are allocated randomly? A) $120 B) $180 C) $80 D) None of the answers is correct. (Figure: Price Ceilings and Consumer Surplus) Refer to thefigure. There is a price ceiling of $20. What is the value ofconsumer surplus if all the goods are allocated randomly?


A) $120
B) $180
C) $80
D) None of the answers is correct.

Correct Answer:

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