Assume the market depicted in the graph is in equilibrium. If its price is subsequently set at $12, deadweight loss will consist of area(s):
A) D + E.
B) C + G.
C) L.
D) None of these are correct.

Question

Assume the market depicted in the graph is in equilibrium. If its price is subsequently set at $12, deadweight loss will consist of area(s):
A) D + E. 
B) C + G. 
C) L. 
D) None of these are correct.

Quizplus · Accepted Answer

The Answer of  Assume the market depicted in the graph is in equilibrium. If its price is subsequently set at $12, deadweight loss will consist of area(s):
A) D + E. 
B) C + G. 
C) L. 
D) None of these are correct.

Assume the Market Depicted in the Graph Is in Equilibrium