Economics Questions Glendale Community College Econ 101 Winter 2022 Test 2 Question 3

If consumers were forced to pay $7.50 per unit for the good in the graph above instead of $5 per unit (because of a price floor or a shift in supply), consumer surplus would than fall from:

a. 500 to 250

b. 2000 to 500

c. 1000 to 500

d. 1000 to 250