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The Diagram Below Shows the Demand and Supply Curves in a Perfectly

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The diagram below shows the demand and supply curves in a perfectly competitive market. The diagram below shows the demand and supply curves in a perfectly competitive market. FIGURE 12-5 -Refer to Figure 12-5. If output in this market were Q₁, but the price was still at its free-market level, the loss in consumer surplus relative to the competitive equilibrium would be illustrated by area A) P3P2E. B) 1. C) 2. D) P1P3E. E) 1 + 2. FIGURE 12-5
-Refer to Figure 12-5. If output in this market were Q₁, but the price was still at its free-market level, the loss in consumer surplus relative to the competitive equilibrium would be illustrated by area

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