Refer to the Graph Shown

question 92

Multiple Choice

Refer to the graph shown. If the government imposed a price ceiling of $4, producer surplus would:

• A) increase from 2 to 4.
• B) increase from 4 to 8.
• C) fall from 8 to 2.
• D) fall from 16 to 4.

---

Definitions:

Population Parameters

Quantitative characteristics or metrics of a population, such as mean, variance, or standard deviation.

Data Vary

This term indicates that data points can differ from each other across a set of data, showing variability or divergence.

Measure of Dispersion

A statistical parameter that describes the spread or variability of a distribution around its central measure (such as mean or median).

Minimum

The lowest value in a data set.