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Refer to the Diagram

Question 62

Multiple Choice

Refer to the diagram. If actual production and consumption occur at Q<sub>1</sub>, A) efficiency is achieved. B) consumer surplus is maximized. C) an efficiency loss (or deadweight loss) of b + d occurs. D) an efficiency loss (or deadweight loss) of e + d occurs. Refer to the diagram. If actual production and consumption occur at Q1,


A) efficiency is achieved.
B) consumer surplus is maximized.
C) an efficiency loss (or deadweight loss) of b + d occurs.
D) an efficiency loss (or deadweight loss) of e + d occurs.

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