Refer to the information provided in Figure 4.6 below to answer the questions that follow.
Equilibrium in this market occurs at the intersection of curves S and D. Figure 4.6
-In figure 4.6 if price is P1, the deadweight loss due to under production is area
A) A+C.
B) C+F
C) E+G.
D) F+G.

Question

Refer to the information provided in Figure 4.6 below to answer the questions that follow.
Equilibrium in this market occurs at the intersection of curves S and D.  Figure 4.6
-In figure 4.6 if price is P1, the deadweight loss due to under production is area
A) A+C. 
B) C+F 
C) E+G. 
D) F+G.

Quizplus · Accepted Answer

The Answer of Refer to the information provided in Figure 4.6 below to answer the questions that follow.
Equilibrium in this market occurs at the intersection of curves S and D.  Figure 4.6
-In figure 4.6 if price is P1, the deadweight loss due to under production is area
A) A+C. 
B) C+F 
C) E+G. 
D) F+G.

Refer to the Information Provided in Figure 4