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. Refer to Figure 10-1.The total surplus at the initial point of equilibrium,F,is given by _____. A)LFP₂ B)LFGP₁ C)LFM D)LFIP₁

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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 P₂and quantity B. Refer to Figure 10-1.The total surplus at the initial point of equilibrium,F,is given by _____. A)LFP₂ B)LFGP₁ C)LFM D)LFIP₁

The Following Figure Shows the Effect of a Price Ceiling