An effective price ceiling will most likely result in which of the following:
A.) An increase in producer surplus
B.) An increase in consumer surplus
C) A decrease in consumer surplus
D) No change in either producer or consumer surplus

Question

An effective price ceiling will most likely result in which of the following:
A.) An increase in producer surplus
B.) An increase in consumer surplus 
C) A decrease in consumer surplus
D) No change in either producer or consumer surplus

An effective price ceiling will most likely result in which of the following:

A.) An increase in producer surplus

B.) An increase in consumer surplus

C) A decrease in consumer surplus

D) No change in either producer or consumer surplus

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An effective price ceiling will most likely result in which of the following: A.) An increase in producer surplus B.) An increase in consumer surplus C) A decrease in consumer surplus D) No change in either producer or consumer surplus