If a Price Ceiling Is Set at $8 in the Market

question 67

Multiple Choice

If a price ceiling is set at $8 in the market shown in the graph, which area(s) would represent consumer surplus?

• A) A + C
• B) A + B
• C) A + B + C
• D) A + B + C + D + F + G

---

Definitions:

Social

Pertaining to society or its organization, emphasizing relationships and interactions among people.

Extrinsic Factors

External elements or conditions that affect behavior, choices, or performance.

Intrinsic Factors

Internal elements or drivers that motivate an individual to act, often related to personal satisfaction, interest, or enjoyment.

Career Consolidation

A stage in adult development where individuals focus on advancing in their chosen career paths, often achieving stability and satisfaction in their professional lives.