(Figure: Market 4) Use the graph for the grape market (with quantity in pounds) to answer the question.
When the market produces and sells a quantity of two pounds, the deadweight loss is the area between the demand and supply curves:

A)to the right of equilibrium.
B)to the left of equilibrium.
C)to the left of the quantity of two.
D)between quantities two and five.

Question

(Figure: Market 4) Use the graph for the grape market (with quantity in pounds) to answer the question.
When the market produces and sells a quantity of two pounds, the deadweight loss is the area between the demand and supply curves:

A)to the right of equilibrium. 
B)to the left of equilibrium. 
C)to the left of the quantity of two. 
D)between quantities two and five.

Quizplus · Accepted Answer

The Answer of (Figure: Market 4) Use the graph for the grape market (with quantity in pounds) to answer the question.
When the market produces and sells a quantity of two pounds, the deadweight loss is the area between the demand and supply curves:

A)to the right of equilibrium. 
B)to the left of equilibrium. 
C)to the left of the quantity of two. 
D)between quantities two and five.

(Figure: Market 4) Use the Graph for the Grape Market