Figure: Price Controls Price Supply Demand Quantity 3. (Figure: Price Controls) Use Figure: Price Controls. A price floor has been set at point b. The area of deadweight loss that results from this price floor is: a. ghi. b. fgi. c. efg. d. egh. 4. (Figure: Price Controls) Use Figure: Price Controls. The consumer surplus lost to a price floor at point b is equal to the area: a. bcke. b. abe. c. boge. d. egh. 5. (Figure: Price Controls) Use Figure: Price Controls. A price floor has been set at b. The change in producer surplus is represented by. a. +bekc - egh b. +begc - kgh c. +bekc - kgh d. +behd - kgh8. (Figure: Quantity Controls) Use Figure: Quantity Controls. If the government decides to restrict the quantity sold to 100, the change in producer surplus will be? Figure: Quantity Controls Price A 20 B C 15 . i.... D E 10 F 100 250 400 Quantity a. D-C b. B-E c. DIE d. B+D+FFigure: The Shrimp Market Price of shrimp (per pound) $22.50 20.00 S 17.50 15.00 12.50 10.00 7.50 5.00 2.50 0 250 500 750 1,000 1,250 1,500 1,750 Quantity of shrimp (in pounds) 1 1. (Figure: The Shrimp Market) Use Figure: The Shrimp Market. If the government wants to limit shrimp sales to 250 pounds, it can impose a excise tax on sellers, and the total tax revenue generated will be a. The answer cannot be determined from the information provided. b. $7.50; $7,500 c. $5; $2,500 d. $10; $2,500