FIGURE 5-6 -Refer to Figure 5-6.The market for good X is in equilibrium at P₀and Q₀.Now suppose the government imposes a ________ at P₁.One result would be ________. A)price ceiling; an increase in economic surplus represented by areas 5 and 6 B)price ceiling; a deadweight loss represented by areas 5,6,7 and 8 C)price floor; a deadweight loss represented by areas 5,6,7 and 8 D)price floor; a deadweight loss represented by areas 2,6 and 7 E)price ceiling; a deadweight loss represented by areas 5 and 6

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The Answer of FIGURE 5-6 -Refer to Figure 5-6.The market for good X is in equilibrium at P₀and Q₀.Now suppose the government imposes a ________ at P₁.One result would be ________. A)price ceiling; an increase in economic surplus represented by areas 5 and 6 B)price ceiling; a deadweight loss represented by areas 5,6,7 and 8 C)price floor; a deadweight loss represented by areas 5,6,7 and 8 D)price floor; a deadweight loss represented by areas 2,6 and 7 E)price ceiling; a deadweight loss represented by areas 5 and 6

FIGURE 5-6 -Refer to Figure 5-6.The Market for Good X Is in Is