Refer to Figure 15-12. Assume the firm maximizes its profits. What is the amount of consumer surplus?

System in which an agency such as a government determines everyone's share.

a. price floor b. price ceiling c. deficiency payment d. rationing

Refer to Figure 4-9. What area represents consumer surplus after the imposition of the price floor?

A) A + B B) A + B + E C) A + B + E + F D) A