Question Completion Status: A Moving to another question will save this response.

Question Completion Status: Moving to another question will save this response. Question 9 1 2 points Saue Answer THIS IS A MULTIPLE ANSWER QUESTION. IT MAY HAVE MORE THAN ONE CORRECT ANSWER. The market for xyz is perfectly competitive. Suppose the price at quantity demanded equals quantity supplied in this market is $13. Which of the below is correct under the assumption that supply of XYZ is inelastic at P = $13? CJ producer surplus will remains unchanged with a price ceiling at P = $12.5. CJ consumer surplus will be higher with a price ceiling at P = $12.5 C) producer surplus will be lower with a price ceiling at P = $12.5. O total surplus will be lower with a price ceiling at P = $12.5. CJ a price ceiling at P = $12.5 creates no deadweight loss. 'g.@Question 9 of 37 Moving to another question will save this response. IScaesooSoooOG