Figure 7-8
-Refer to Figure 7-8.If the government imposes a price ceiling of $80 in this market,then,assuming those with the highest willingness to pay purchase the good,consumer surplus will be
A)$900.
B)$1,200.
C)$1,500.
D)$1,600.

Question

Figure 7-8 
-Refer to Figure 7-8.If the government imposes a price ceiling of $80 in this market,then,assuming those with the highest willingness to pay purchase the good,consumer surplus will be
A)$900. 
B)$1,200. 
C)$1,500. 
D)$1,600.

Quizplus · Accepted Answer

The Answer of Figure 7-8 
-Refer to Figure 7-8.If the government imposes a price ceiling of $80 in this market,then,assuming those with the highest willingness to pay purchase the good,consumer surplus will be
A)$900. 
B)$1,200. 
C)$1,500. 
D)$1,600.

Figure 7-8 -Refer to Figure 7-8.If the Government Imposes a Price Ceiling