Refer to the diagram. If actual production and consumption occur at Q1,
A) eﬃciency is achieved.
B) consumer surplus is maximized.
C) an eﬃciency loss (or deadweight loss) of b + d occurs.
D) an eﬃciency loss (or deadweight loss) of e + d occurs.

Question

Refer to the diagram. If actual production and consumption occur at Q1,
A) eﬃciency is achieved. 
B) consumer surplus is maximized. 
C) an eﬃciency loss (or deadweight loss) of b + d occurs. 
D) an eﬃciency loss (or deadweight loss) of e + d occurs.

Quizplus · Accepted Answer

The Answer of  Refer to the diagram. If actual production and consumption occur at Q1,
A) eﬃciency is achieved. 
B) consumer surplus is maximized. 
C) an eﬃciency loss (or deadweight loss) of b + d occurs. 
D) an eﬃciency loss (or deadweight loss) of e + d occurs.

Refer to the Diagram