Use the following to answer question:
-(Figure: Price Controls)Use Figure: 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 question: 
-(Figure: Price Controls)Use Figure: 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.

Use the Following to Answer Question