Question: igure 7 - 1 1 nar 0 0 2 - 1 . jpg Refer to Figure 7 - 1 1 . If the government imposes

igure 7-11
nar002-1.jpg
Refer to Figure 7-11. If the government imposes a price ceiling of $70 in this market, then the new producer surplus will be
a. $350.
b. $175.
c. $50.
d. $100.
4 points

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