Refer to the graph shown. If the government imposed a price ceiling of $4, consumer surplus would:
A) fall from 12 to 4.
B) fall from 12 to 8.
C) rise from 12 to 13.
D) be unchanged at 12.

Question

Refer to the graph shown. If the government imposed a price ceiling of $4, consumer surplus would: 
A) fall from 12 to 4. 
B) fall from 12 to 8. 
C) rise from 12 to 13. 
D) be unchanged at 12.

Quizplus · Accepted Answer

The Answer of Refer to the graph shown. If the government imposed a price ceiling of $4, consumer surplus would: 
A) fall from 12 to 4. 
B) fall from 12 to 8. 
C) rise from 12 to 13. 
D) be unchanged at 12.

Refer to the Graph Shown