If the Price Floor of a Market Is Raised,which of the Following

question 11

Multiple Choice

If the price floor of a market is raised,which of the following would happen?

• A)The consumer surplus would increase,the producer surplus would decrease and the dead weight loss would decrease
• B)The consumer surplus would decrease,the producer surplus would decrease and the dead weight loss would increase
• C)The consumer surplus,the producer surplus and the dead weight loss would all decrease
• D)The consumer surplus,the producer surplus and the dead weight loss would all increase
• E)The consumer surplus would decrease,the producer surplus would increase and the dead weight loss would increase