Refer to the graph shown. An effective price floor at $8 causes consumer surplus to:
A) increase from 10 to 62.50.
B) fall from 62.50 to 10.
C) increase from 120 to 130.
D) fall from 320 to 80.

Question

Refer to the graph shown. An effective price floor at $8 causes consumer surplus to: 
A) increase from 10 to 62.50. 
B) fall from 62.50 to 10. 
C) increase from 120 to 130. 
D) fall from 320 to 80.

Quizplus · Accepted Answer

The Answer of Refer to the graph shown. An effective price floor at $8 causes consumer surplus to: 
A) increase from 10 to 62.50. 
B) fall from 62.50 to 10. 
C) increase from 120 to 130. 
D) fall from 320 to 80.

Refer to the Graph Shown