-Based on the graph above, suppose the government sets a price ceiling of $50 in this market. What is the maximum level of consumer surplus with the price ceiling?
A)16,875
B)11,250
C)8,437.50
D)4,687.50

Question

-Based on the graph above, suppose the government sets a price ceiling of $50 in this market. What is the maximum level of consumer surplus with the price ceiling?
A)16,875 
B)11,250 
C)8,437.50 
D)4,687.50

Quizplus · Accepted Answer

The Answer of 
-Based on the graph above, suppose the government sets a price ceiling of $50 in this market. What is the maximum level of consumer surplus with the price ceiling?
A)16,875 
B)11,250 
C)8,437.50 
D)4,687.50

-Based on the Graph Above, Suppose the Government Sets a Price