Exhibit 3A-2 Comparison of Market Efficiency and Deadweight Loss
-As shown in Exhibit 3A-2, if the market price falls from P₂ to P₃, then area ____ appears.

Name: Exhibit 3A-2 Comparison of Market Efficiency and Deadweight Loss -As shown in Exhibit 3A-2, if the market price falls from P 2 to P 3 , then area ____ appears.
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Question

Exhibit 3A-2 Comparison of Market Efficiency and Deadweight Loss -As shown in Exhibit 3A-2, if the market price falls from P₂ to P₃, then area ____ appears.

Quizplus · Accepted Answer

When the market price falls from P2 to P3, the area EGF appears, representing the change in consumer surplus or producer surplus due to the price change.