Final answer:
The consumer surplus in Oklahoma City, given the imposition of a price floor on movie tickets, results in a reduced consumer surplus represented by area G, a transfer of surplus to producers, and a deadweight loss indicated by areas J + K.
Step-by-step explanation:
To assess the value or consumer surplus in Oklahoma City, we need to understand the basic concepts of consumer surplus and price floors. Consumer surplus is the difference between what consumers are willing to pay and what they actually pay. When a price floor is set above the equilibrium price, it results in a higher price for consumers and typically decreases the quantity demanded. In the example of the struggling movie theaters, when the city government imposes a price floor of $12, up from the equilibrium price of $8, it causes the quantity demanded to drop from 1,800 to 1,400 moviegoers, with consumer surplus now being only area G (as opposed to G + H + J originally). This intervention also causes a transfer of surplus from consumers to producers (area H becomes part of producer surplus), as well as creating a deadweight loss represented by areas J + K, indicating inefficiencies in the market due to the price floor.