The Following Figure Shows the Effect of a Price Ceiling

question 57

Multiple Choice

The following figure shows the effect of a price ceiling in the market for yams.The market was initially in equilibrium at price P₂ and quantity B.
Figure 10-1
-In Figure 10-1,the net change in total surplus due to a price ceiling set at P₃ is _____.

• A)EKF
• B)P₃KFP₂
• C)0
• D)EFJ

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