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Figure 14.1 -Refer to Figure 14.1.The Figure Above Represents the Market for the Market

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Figure 14.1 Figure 14.1   -Refer to Figure 14.1.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 4000 metrics and 12 000 metrics are economically inefficient rates of output. D) If the price of pecans is $3, producers will sell 12 000 metrics of pecans but this output will be economically inefficient.
-Refer to Figure 14.1.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 4000 metrics and 12 000 metrics are economically inefficient rates of output.
D) If the price of pecans is $3, producers will sell 12 000 metrics of pecans but this output will be economically inefficient.

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