Figure: Quantity Controls
(Figure: Quantity Controls) Look at the figure Quantity Controls.If the government decides to restrict the quantity that is sold to 100, which of the following is not a true statement?
A.Total surplus will fall by areas C and
E.
B.The market is not at equilibrium.
C.Consumer surplus is maximized.
D.Mutually beneficial transactions have been missed.

Question

Figure: Quantity Controls
   (Figure: Quantity Controls) Look at the figure Quantity Controls.If the government decides to restrict the quantity that is sold to 100, which of the following is not a true statement? 
A.Total surplus will fall by areas C and
E.
B.The market is not at equilibrium.
C.Consumer surplus is maximized.
D.Mutually beneficial transactions have been missed.

Quizplus · Accepted Answer

The Answer of Figure: Quantity Controls
   (Figure: Quantity Controls) Look at the figure Quantity Controls.If the government decides to restrict the quantity that is sold to 100, which of the following is not a true statement? 
A.Total surplus will fall by areas C and
E.
B.The market is not at equilibrium.
C.Consumer surplus is maximized.
D.Mutually beneficial transactions have been missed.

Figure: Quantity Controls (Figure: Quantity Controls) Look at the Figure