Figure 7-19
-Refer to Figure 7-19.If the government imposes a price ceiling of $55 in this market,then total surplus will be
A)$187.50.
B)$125.00.
C)$250.00.
D)$266.67.

Question

Figure 7-19 
-Refer to Figure 7-19.If the government imposes a price ceiling of $55 in this market,then total surplus will be
A)$187.50. 
B)$125.00. 
C)$250.00. 
D)$266.67.

Quizplus · Accepted Answer

The Answer of Figure 7-19 
-Refer to Figure 7-19.If the government imposes a price ceiling of $55 in this market,then total surplus will be
A)$187.50. 
B)$125.00. 
C)$250.00. 
D)$266.67.

Figure 7-19 -Refer to Figure 7-19.If the Government Imposes a Price Ceiling