Economics 9708 · AS & A Level · Maximum and minimum prices

Maximum and minimum prices — practice question

The market for good X is in equilibrium at a price of $\$10$. The government then chooses to impose a maximum price on good X. Which maximum price would lead to the greatest change in consumer surplus?

  • A$9$
  • B$10$
  • C$11$
  • D$12$

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