Multiple Choice
Figure 11.1 
-Refer to Figure 11.1.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.
Correct Answer:
Verified
Related Questions
Q1: Figure 11.1 Q4: Figure 11.1 Q6: How can the market demand for a![]()
![]()