19) Refer to Figure 9.1.3 above. If the governmentestablishes a price ceiling of $1.00, how manypounds of berries will be sold?A) 200B) 300C) 400D) 600E) 800Answer: ADiff: 1Section: 9.1E) rise by $150,Answer: EDiff: 2Section: 9.1$4.00$3.5020) Refer to Figure 9.1.3 above. If the governmentestablishes a price ceiling of $1.00, consumer surplus willA) fall by $50.B) fall by $150.C) remain the same.D) rise by $50.B) fall by $300.C) remain the same.$3.00$2.75D) rise by $150.E) rise by $300.Answer: BDiff: 2Section: 9.1.$2.50$2.25$2.00-$1.50$1.00$0.50Figure 9.1.3D21) Refer to Figure 9.1.3 above. If the government establishes a price ceiling of $1.00, producer surplus will:A) fall by $150.100 200 300 400 300 000 700 800 900 Q(berries-b.)

Since you have asked multiple question, we will solve the first question for you. If you want any…

19) Refer to Figure 9.1.3 above. If the government establishes a price ceiling of $1.00, how many pounds of berries will be sold? A) 200 B) 300 C) 400 D) 600 E) 800 Answer: A Diff: 1 Section: 9.1 200 Refer to Figure

19) Refer to Figure 9.1.3 above. If the government establishes a price ceiling of $1.00, how many pounds of berries will be sold? A) 200 B) 300 C) 400 D) 600 E) 800 Answer: A Diff: 1 Section: 9.1 200 Refer to Figure

ENGR.ECONOMIC ANALYSIS

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ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

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Question

19) Refer to Figure 9.1.3 above. If the government
establishes a price ceiling of $1.00, how many
pounds of berries will be sold?
A) 200
B) 300
C) 400
D) 600
E) 800
Answer: A
Diff: 1
Section: 9.1
E) rise by $150,
Answer: E
Diff: 2
Section: 9.1
$4.00
$3.50
20) Refer to Figure 9.1.3 above. If the government
establishes a price ceiling of $1.00, consumer surplus will
A) fall by $50.
B) fall by $150.
C) remain the same.
D) rise by $50.
B) fall by $300.
C) remain the same.
$3.00
$2.75
D) rise by $150.
E) rise by $300.
Answer: B
Diff: 2
Section: 9.1.
$2.50
$2.25
$2.00-
$1.50
$1.00
$0.50
Figure 9.1.3
D
21) Refer to Figure 9.1.3 above. If the government establishes a price ceiling of $1.00, producer surplus will:
A) fall by $150.
100 200 300 400 300 000 700 800 900 Q(berries-b.)

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