If a Price Ceiling of $12 Is Set in the Market

question 110

Multiple Choice

If a price ceiling of $12 is set in the market shown in the graph, what will consumer surplus be?

• A)$260
• B)$130
• C)$88
• D)$60

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Definitions:

Philosophy

The study of fundamental questions about existence, knowledge, values, reason, mind, and language through a critical, systematic approach.