-The above figure shows supply and demand curves for milk. In an effort to help farmers, the government passes a law that establishes a $3 per gallon price support. The loss in social welfare resulting from this price support equals
A)k + i.
B)j.
C)[$3 ∗ ( - )] - h.
D)$3 ∗ k.

Question

-The above figure shows supply and demand curves for milk. In an effort to help farmers, the government passes a law that establishes a $3 per gallon price support. The loss in social welfare resulting from this price support equals
A)k + i. 
B)j. 
C)[$3 ∗ ( - )] - h. 
D)$3 ∗ k.

Quizplus · Accepted Answer

The Answer of 
-The above figure shows supply and demand curves for milk. In an effort to help farmers, the government passes a law that establishes a $3 per gallon price support. The loss in social welfare resulting from this price support equals
A)k + i. 
B)j. 
C)[$3 ∗ ( - )] - h. 
D)$3 ∗ k.

-The Above Figure Shows Supply and Demand Curves for Milk