D) $3,000
Use the following to answer question 5:
Figure: Market for Sandwiches
Price
$15
45.
D
8 10
Quantity
(Figure: Market for Sandwiches) In the market for sandwiches during the lunch hour at a local
deli, suppose a price ceiling is set at $4. At this price, consumer surplus is equal to
and producer surplus is equal to
A) $64; $40
B) $64; $24
C) $32; $24
D) $32; $40
E) $56; $16
The supply curve shows the quantity that firms an
