Other things equal, a price ceiling will increase consumer surplus by allowing customers to buy more at the lower price.
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Q2: Producer surplus from a unit of output
Q3: If the world supply of diamonds decreases,
Q4: Consumer surplus increases whenever the price of
Q5: Producer surplus is always the total area
Q6: If Ming is willing to pay $75
Q7: Consumer surplus is always the total area
Q8: Consumer surplus increases whenever the price of
Q9: If the world supply of diamonds increases,
Q10: Other things equal, a price floor will
Q11: Producer surplus is always the total area
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