Skip to main content
Pearson+ LogoPearson+ Logo
Quantitative Analysis of Price Ceilings and Price Floors: Finding Areas
5. Consumer and Producer Surplus; Price Ceilings and Floors / Quantitative Analysis of Price Ceilings and Price Floors: Finding Areas / Problem 3
Problem 3

Given a price floor of \$18, equilibrium price of \$15, demand axis price of \$25, and supply axis price of \$10, calculate the consumer surplus if the quantity sold is 40 units.