Figure 4.4 -Refer to Figure 4.4.The Figure Above Represents the Market for Represents

Figure 4.4

-Refer to Figure 4.4.The figure above represents the market for pecans.Assume that this is a competitive market.Which of the following is true?

A) If the price of pecans is $3 the output will be economically efficient but there will be a deadweight loss.
B) If the price of pecans is $9 consumers will purchase more than the economically efficient output.
C) Both 40,000 kilograms and 12,000 kilograms are economically inefficient rates of output.
D) If the price of pecans is $3 producers will sell 12,000 kilograms of pecans but this output will be economically inefficient.