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

Question 56

Multiple Choice

  (Figure: Price Ceilings and Consumer Valuation)  Refer to thefigure. Suppose a price ceiling of $3 goes into effect. What is theloss of consumer surplus due to the random allocation of pricecontrolled goods compared to the allocation only to the highestvalue users? A) $90 B) $60 C) $150 D) $30 (Figure: Price Ceilings and Consumer Valuation) Refer to thefigure. Suppose a price ceiling of $3 goes into effect. What is theloss of consumer surplus due to the random allocation of pricecontrolled goods compared to the allocation only to the highestvalue users?


A) $90
B) $60
C) $150
D) $30

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