Figure 11-1 
-Refer to Figure 11-1.The figure above represents the market for pecans.Assume that this is a competitive market.Which of the following is true?
A) If the price of pecans is $3, the output will be economically efficient but there will be a deadweight loss.
B) If the price of pecans is $9, consumers will purchase more than the economically efficient output.
C) Both 4000 kilograms and 12 000 kilograms are economically inefficient rates of output.
D) If the price of pecans is $3, producers will sell 12 000 kilograms of pecans but this output will be economically inefficient.
Correct Answer:
Verified
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