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

Question 47

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(Figure: Price Ceilings and Consumer Valuation) Refer to thefigure. Suppose a price ceiling of $3 goes into effect. If the goodssold are allocated to buyers randomly, what is the totalconsumer surplus in this market? A) $90 B) $120 C) $30 D) $150 (Figure: Price Ceilings and Consumer Valuation) Refer to thefigure. Suppose a price ceiling of $3 goes into effect. If the goodssold are allocated to buyers randomly, what is the totalconsumer surplus in this market?


A) $90
B) $120
C) $30
D) $150

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