Use the following figure to answer the following questions :

-Suppose the government sets a price ceiling of $50 in this market. What is the maximum level of consumer surplus with the price ceiling?
A) 16,875
B) 11,250
C) 8,437.50
D) 4,687.50

Question

Use the following figure to answer the following  questions :

-Suppose the government sets a price ceiling of $50 in this market. What is the maximum level of consumer surplus with the price ceiling?
A) 16,875 
B) 11,250 
C) 8,437.50 
D) 4,687.50

Quizplus · Accepted Answer

The Answer of Use the following figure to answer the following  questions :

-Suppose the government sets a price ceiling of $50 in this market. What is the maximum level of consumer surplus with the price ceiling?
A) 16,875 
B) 11,250 
C) 8,437.50 
D) 4,687.50

Use the Following Figure to Answer the Following Questions