Question 32 (1 point)

Price ceilings are often justified as a means of helping consumers. Consider an economy where a price ceiling is introduced that causes the price to drop. How does this help consumers?

Question 32 options:

a	There is an increase in consumer surplus for consumers who are able to purchase the product after the price ceiling.
b	There is no transfer of surplus to government revenue or quota rents.
c	Consumer surplus increases for all consumers who were in this market due to a lower price.
d	Overall producer surplus decreases.

Question 33(1 point)