Select all that are true regarding the efficiency (effectiveness) of a price control:
Option A
If the transferred surplus is greater than the deadweight loss incurred by the transferer, the control is effective
Option B
If the transferred surplus is less than the deadweight loss incurred by the transferee, the control is effective
Option C
If the transferred surplus is greater than the deadweight loss incurred by the transferee, the control is effective
Option D
For a price floor: the surplus gained by the consumer is greater than the DWL of the consumer, the control is effective
Option E
If the transferred surplus is less than the deadweight loss incurred by the transferer, the control is effective
Option F
For a price floor: the surplus gained by the consumer is greater than the DWL of the producer, the control is effective
Option G
For a price floor: the surplus gained by the producer is greater than the DWL of the producer, the control is effective
Option H
For a price floor: the surplus gained by the producer is greater than the DWL of the consumer, the control is effective