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How are the producer surplus and the consumer surplus affected? (5 pts) Question 2 options: Producer surplus will certainly fall, because firms sell less, at
How are the producer surplus and the consumer surplus affected? (5 pts) Question 2 options: Producer surplus will certainly fall, because firms sell less, at a lower price. Consumer surplus will rise if the ceiling is well chosen; however, that the consumer surplus may fall if the price ceiling is too low. Producer surplus will certainly fall, because firms sell more, at a lower price. Consumer surplus will fall if the ceiling is well chosen; however, that the producer surplus may rise if the price ceiling is too high. Producer surplus will certainly rise, because firms sell more, at a lower price. Consumer surplus will rise if the ceiling is well chosen; however, that the producer surplus may fall if the price ceiling is too low. Producer surplus will certainly rise, because firms sell less, at a higher price. Consumer surplus will rise if the ceiling is well chosen; however, that the consumer surplus may fall if the price ceiling is too high
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