-Refer to the Diagram Above

question 176

Multiple Choice

-Refer to the diagram above.Assume that a price ceiling is imposed at point G,i.e. ,the price is now represented by the distance 0G.Consumer surplus after the price ceiling is imposed is

• A) ½(A
• J)(J
• E).
• B) GJEF.
• C) ½(A
• B)(B
• C)+ BHFG.
• D) ½(A
• J)(J
• E)+ JEFG.
• E) unable to be calculated.