Refer to Figure 4-6. What area represents the portion of consumer surplus that has been transferred to producer surplus as a result of the price floor?
A. B
B. B + C
C. B + E
D. E
Answer:A
Refer to Figure 4-6. What area represents the portion of consumer surplus that has been transferred to producer surplus as a result of the price floor?
A. B B. B + C C. B + E D. E