Use the following to answer questions:
Figure: Price Controls
-(Figure: Price Controls) Look at the graph Price Controls. A price floor has been set at point b. The area of deadweight loss that results from this price floor is:
A) egh.
B) ghi.
C) fgi.
D) efg.

Question

Use the following to answer questions:
Figure: Price Controls 
-(Figure: Price Controls) Look at the graph Price Controls. A price floor has been set at point b. The area of deadweight loss that results from this price floor is:
A) egh. 
B) ghi. 
C) fgi. 
D) efg.

Quizplus · Accepted Answer

The deadweight loss is the area of the triangle fgi.

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