What can one learn from the following figure? 
Definitions:
Efficiency Loss
The reduction in economic efficiency due to factors like market distortions, resulting in resources not being allocated optimally.
Deadweight Loss
refers to the loss of economic efficiency that can occur when the equilibrium for a good or service is not achieved, leading to a reduction in total societal welfare.
Consumer Surplus
The difference between what consumers are willing to pay for a good or service and what they actually pay, representing the benefit to consumers.
Producer Surplus
The difference between the amount producers are willing to sell a product for and the actual price they receive.
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