Refer to the graph shown. An effective price ceiling at $3 causes consumer surplus to:
A) increase from 80 to 120.
B) fall from 110 to 80.
C) increase from 120 to 130.
D) fall from 130 to 120.

Question

Refer to the graph shown. An effective price ceiling at $3 causes consumer surplus to: 
A) increase from 80 to 120. 
B) fall from 110 to 80. 
C) increase from 120 to 130. 
D) fall from 130 to 120.

Quizplus · Accepted Answer

The Answer of Refer to the graph shown. An effective price ceiling at $3 causes consumer surplus to: 
A) increase from 80 to 120. 
B) fall from 110 to 80. 
C) increase from 120 to 130. 
D) fall from 130 to 120.

Refer to the Graph Shown