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

question 158

Multiple Choice

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

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

---

Definitions:

Comprehensive Environmental Response, Compensation, and Liability Act

A federal law, also known as Superfund, designed to clean up sites contaminated with hazardous substances and pollutants.

National Pollution Discharge Elimination System

A regulatory program under the Clean Water Act that aims to control water pollution by regulating point sources that discharge pollutants into US waters.

Industrial Discharge Permits

Regulatory authorizations required for the release of wastewater or pollutants from industrial facilities into the environment, ensuring adherence to environmental standards.

National Pollution Discharge Elimination System

A regulatory program under the Clean Water Act that aims to control water pollution by regulating point sources that discharge pollutants into waters of the United States.