If a Price Floor Is Set at $23 in the Market

question 124

Multiple Choice

If a price floor is set at $23 in the market shown in the graph, which area(s) would represent deadweight loss?

• A)C + F
• B)C + D + F
• C)G
• D)B + C + E + F

---

Definitions:

Injured Innocence

A state or feeling of being wronged or harmed undeservingly, often evoking a sense of victimization.

Obsession

A persistent, intrusive, and often irrational preoccupation with an idea or feeling that significantly impacts one's well-being or daily functioning.

Receiving Forgiveness

Receiving forgiveness involves being granted pardon or absolution by someone who has been wronged or offended.

Giving Forgiveness

The act of pardoning or releasing resentment, anger, or blame towards another person.