Figure 7-15

-Refer to Figure 7-15.If the government imposes a price ceiling of $60 in this market,then total surplus will be
A) $187.50.
B) $212.50.
C) $250.00.
D) $266.67.

Question

Figure 7-15
 
-Refer to Figure 7-15.If the government imposes a price ceiling of $60 in this market,then total surplus will be
A) $187.50. 
B) $212.50. 
C) $250.00. 
D) $266.67.

Quizplus · Accepted Answer

The Answer of Figure 7-15
 
-Refer to Figure 7-15.If the government imposes a price ceiling of $60 in this market,then total surplus will be
A) $187.50. 
B) $212.50. 
C) $250.00. 
D) $266.67.

Figure 7-15 -Refer to Figure 7-15.If the Government Imposes a Price Ceiling