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Figure 7-19 Price 85 + Supply 75+ 70 65 60+ 55 45 35+ 25+ 20 15 10+ Demand 5+ 9 10 11 12 13 14

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Figure 7-19 Price 85 + Supply 75+ 70 65 60+ 55 45 35+ 25+ 20 15 10+ Demand 5+ 9 10 11 12 13 14 15 16 17 18 19 20 ai 22 23 24 25 Duantity Question 14 1 pts Refer to Figure 7-19. If the government imposes a price ceiling of $55 in this market, then total surplus will be $187.50. . $125.00 $250.00 $266.67. Question 15 1 pts Refer to Figure 7-19. If the government imposes a price floor of $55 in this market, then total surplus will be $100.00 higher than it would be without the price floor. $50.00 lower than it would be without the price floor. $125.00 lower than it would be without the price floor. $62.50 lower than it would be without the price floor

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