-In the Above Figure, Suppose That the Government Sets a Limit

question 142

Multiple Choice

-In the above figure, suppose that the government sets a limit to production at 10 units of output and the price rises to $4. In comparison to a competitive market the consumer surplus would fall by

• A) $0.
• B) $10.
• C) $15.
• D) $20.

---

Definitions:

Compound

Substance composed of two or more different types of atoms that are chemically combined.

Simple

In biological terms, this often relates to structures that are uncomplicated in form, such as simple tissues that consist of a single type of cell.

Endocrine Glands

Organs that secrete hormones directly into the bloodstream to regulate various body functions.

Bloodstream

The flow of blood through the circulatory system of an organism, delivering nutrients and removing waste products.