Multiple Choice
The diagram below shows the market for litres of milk.
FIGURE 5-8
-Refer to Figure 5-8.After the imposition of a milk quota at quantity
,the deadweight loss in this market is represented by
A) area 1.
B) areas 1 and 4.
C) areas 1,2,and 5.
D) areas 5 and 6.
E) areas 5,6,and 7.
Correct Answer:
Verified
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