Suppose the equilibrium in the market is $75. If there is a price ceiling at $80 that rises to $88 we can say that: A. consumer surplus changes cannot be determined
B. consumer surplus will increase
C. consumer surplus will not change
D. consumer surplus will decrease

Question

16-06-2024
Business

Answered

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Suppose the equilibrium in the market is $75. If there is a price ceiling at $80 that rises to $88 we can say that: A. consumer surplus changes cannot be determined
B. consumer surplus will increase
C. consumer surplus will not change
D. consumer surplus will decrease

Sagot :

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Suppose the equilibrium in the market is $75. If there is a price ceiling at $80 that rises to $88 we can say that: A. consumer surplus changes cannot be determined B. consumer surplus will increase C. consumer surplus will not change D. consumer surplus will decrease

Sagot :

Other Questions

Suppose the equilibrium in the market is $75. If there is a price ceiling at $80 that rises to $88 we can say that: A. consumer surplus changes cannot be determined
B. consumer surplus will increase
C. consumer surplus will not change
D. consumer surplus will decrease