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

question 55

Multiple Choice

  If a price ceiling is set at $8 in the market shown in the graph, which area(s) would represent the surplus that is transferred from producers to consumers? A) C + D + F + G B) C + D C) F + G D) C If a price ceiling is set at $8 in the market shown in the graph, which area(s) would represent the surplus that is transferred from producers to consumers?


Definitions:

Market Value

The current quoted price at which an asset or service can be bought or sold in a marketplace.

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