The intended aim of the price ceiling set

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Reference no: EM13734548

If the intended aim of the price ceiling set in the graph shown was a net increase in the well being of consumers, then positive analysis would conclude:

a. the policy was effective, since area B is smaller than area C.

b. the policy was effective, since area A + C is larger than B + D.

c. the policy was ineffective, since D is larger than E.

d. the policy was ineffective, since A + C + E is larger than B + D.

Reference no: EM13734548

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