With Reference to the Graph Above,if the Intended Aim of the Price

question 113

Multiple Choice

With reference to the graph above,if the intended aim of the price ceiling shown was a net increase in the well-being of consumers,then positive analysis would conclude:

• A)the policy was effective,since area A + C is larger than B + D.
• B)the policy was effective,since area B is smaller than area D.
• C)the policy was ineffective,since D is larger than E.
• D)the policy was ineffective,since A + C + D is larger than B + E.

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