Refer to Figure 5.1, if 4,500 units were traded, Deadweight-Loss would be Figure 5.1 Price (p) S 15 12 9 (a) (b) (c) (d) (e) (f) 4,500 equal to "areas (g)+(h)." equal to "areas (e)+(f)." equal to "area (g)." negative. 6,000 (g) (h) 8,000 Supply Demand Quantity of items (q)

Refer to Figure 5.1, if 4,500 units were traded, Deadweight-Loss would be Figure 5.1 Price (p) S 15 12 9 (a) (b) (c) (d) (e) (f) 4,500 equal to "areas (g)+(h)." equal to "areas (e)+(f)." equal to "area (g)." negative. 6,000 (g) (h) 8,000 Supply Demand Quantity of items (q)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Refer to Figure 5.1, if 4,500 units were traded, Deadweight-Loss would be
Figure 5.1
Price (p) S
15
12
9
(a)
(b)
(c)
(d)
(e)
(f)
4,500
equal to "areas (g)+(h)."
equal to "areas (e)+(f)."
equal to "area (g)."
negative.
6,000
(g)
(h)
8,000
Supply
Demand
Quantity of items (q)

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