Answe

S S G T $12 Price P $600 U P H Price floor C V IW ceiling $8 $400 K X D D 15,000 20,000 1,400 1,800 Q Q (a) Reduced social surplus from a price ceiling (b) Reduced social surplus from a price floor After the price floor is imposed which of the following increases? A. Quantity demanded O B. Consumer surplus O C. Producer surplus OD. none of the above