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4 Jan 2018
18. Now suppose that the government reduces the price floor from $6.50 to $2.50. Which of the following is the total surplus (gains from trade) in the market for cereal boxes under a price floor of $2.50? (a) D. (b) A + B + C. (c) A + B + C + D + G + H. (d) A + B + C + D.
18. Now suppose that the government reduces the price floor from $6.50 to $2.50. Which of the following is the total surplus (gains from trade) in the market for cereal boxes under a price floor of $2.50? (a) D. (b) A + B + C. (c) A + B + C + D + G + H. (d) A + B + C + D.
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