A line graph depicting the variation of price on vertical axis with quantity on horizontal axis.The horizontal axis lists labels (from left to right) as Q1 and Q2 and the vertical axis from bottom to top lists labels as P1 and P2. A decreasing line is labeled upper D and intersects an increasing line labeled S, forming a triangle along the vertical axis. H133
If actual production and consumption occur at Q2
Multiple Choice
economic surplus is below the maximum.
consumer surplus and producer surplus is maximized.
there is deadweight loss of d.
there is deadweight loss of f.
