Consider the market for paper towels where the supply curve is upward sloping and the demand curve is downward sloping. a. Suppose there is an effective price ceiling applied on this market. What happens to the consumer surplus as a result?   b. Suppose there is an effective price floor applied on this market. What happens to the consumer surplus as a result?

ENGR.ECONOMIC ANALYSIS
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Consider the market for paper towels where the supply curve is upward sloping and the demand
curve is downward sloping.
a.
Suppose there is an effective price ceiling applied on this market. What happens to the
consumer surplus as a result?
 
b. Suppose there is an effective price floor applied on this market. What happens to the consumer
surplus as a result?
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