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(Figure: Losses from Price Ceilings) Refer to the Figure

Question 31

Multiple Choice

  (Figure: Losses from Price Ceilings)  Refer to the figure. At aprice ceiling of $1, the area representing the total value ofwasted time is ________, and the area of the deadweight loss is________. A) ab; de B) bd; ce C) abdf; ce D) bc; de (Figure: Losses from Price Ceilings) Refer to the figure. At aprice ceiling of $1, the area representing the total value ofwasted time is ________, and the area of the deadweight loss is________.


A) ab; de
B) bd; ce
C) abdf; ce
D) bc; de

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