Question: 7. Mat ea concept in Column A with an example in Column B. Column A a. Consumer surplus b. The government mandates that the price

7. Mat ea concept in Column A with an example in Column B.

Column A a. Consumer surplus b. The government mandates that the price

Column A a. Consumer surplus b. The government mandates that the price of milk must be at least $3 per gallon c. Marginal change d. Producer surplus e. Deadweight loss Column B 1. Profits 2. A price ceiling 3. An increase in demand of one unit 4. A loss in social welfare that occurs when a market is not in equilibrium 5. Part of the psychic benefits of buying something f. The government mandates that the price of gas can be no 6. A school of economics that opposes government higher than $4 per gallon g. Laissez-faire economics regulation 7. A price floor

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