Figure 7-24
-Refer to Figure 7-24.If the government imposes a price ceiling at $12,then producer surplus is
A)CDI.
B)BDF.
C)BCIF.
D)HGCD.

Name: Figure 7-24 -Refer to Figure 7-24.If the government imposes a price ceiling at $12,then producer surplus is A)CDI. B)BDF. C)BCIF. D)HGCD.
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Question

Figure 7-24 
-Refer to Figure 7-24.If the government imposes a price ceiling at $12,then producer surplus is
A)CDI. 
B)BDF. 
C)BCIF. 
D)HGCD.

Quizplus · Accepted Answer

Producer surplus is the area above the supply curve and below the price ceiling. In this case, the producer surplus is the area BDF.

Figure 7-24 -Refer to Figure 7-24.If the Government Imposes a Price Ceiling