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The next 3 questions involve the following supply and demand equations: Supply:p=qDemand:p= 283q 56.The government enacts a price ceiling of $7. What happens to consumer

The next 3 questions involve the following supply and demand equations:

Supply:p=qDemand:p= 283q

56.The government enacts a price ceiling of $7. What happens to consumer surplus? (A) It goes down.

(B) It goes up.

(C) It stays the same.

(D) Fun times.

57.Instead, assume that the government enacts a price ceiling of $5. What happens to consumer surplus?

(A) It goes down.

(B) It goes up.

(C) It stays the same.

(D) A whale.

58.If, instead, there is a price floor of $9, what happens to consumer surplus?

(A) It goes down.

(B) It goes up.

(C) It stays the same.

(D) Drake.

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