The following figure shows the effect of a price ceiling in the market for yams.The market was initially in equilibrium at price P₂and quantity B.
Figure 10-1
-In Figure 10-1,the deadweight loss due to a price ceiling set at P₁ is area _____.

Question

The following figure shows the effect of a price ceiling in the market for yams.The market was initially in equilibrium at price P₂and quantity B.
Figure 10-1

The following figure shows the effect of a price ceiling in the market for yams.The market was initially in equilibrium at price P<sub>2 </sub>and quantity B. Figure 10-1 -In Figure 10-1,the deadweight loss due to a price ceiling set at P<sub>1</sub> is area _____. A) GFH B) EFI C) EFK D) EFHI

-In Figure 10-1,the deadweight loss due to a price ceiling set at P₁ is area _____.

Quizplus · Accepted Answer

The Answer of The following figure shows the effect of a price ceiling in the market for yams.The market was initially in equilibrium at price P 2 and quantity B. Figure 10-1 -In Figure 10-1,the deadweight loss due to a price ceiling set at P₁ is area _____. A)GFH B)EFI C)EFK D)EFHI

The Following Figure Shows the Effect of a Price Ceiling