The following figure shows the effect of a price ceiling in the market for yams.The market was initially in equilibrium at price P₂and quantity B.
Figure 10-1
-In Figure 10-1,the aggregate consumer surplus after a price ceiling is set at P₁ is _____.

Question

The following figure shows the effect of a price ceiling in the market for yams.The market was initially in equilibrium at price P₂and quantity B.
Figure 10-1

The following figure shows the effect of a price ceiling in the market for yams.The market was initially in equilibrium at price P<sub>2 </sub>and quantity B. Figure 10-1 -In Figure 10-1,the aggregate consumer surplus after a price ceiling is set at P<sub>1</sub> is _____. A) LFP<sub>2</sub> B) LEP<sub>3</sub> C) LEJP<sub>2</sub> D) LEIP<sub>1</sub>

-In Figure 10-1,the aggregate consumer surplus after a price ceiling is set at P₁ is _____.

Quizplus · Accepted Answer

The Answer of The following figure shows the effect of a price ceiling in the market for yams.The market was initially in equilibrium at price P 2 and quantity B. Figure 10-1 -In Figure 10-1,the aggregate consumer surplus after a price ceiling is set at P₁ is _____. A)LFP₂ B)LEP₃ C)LEJP₂ D)LEIP₁

The Following Figure Shows the Effect of a Price Ceiling