(Figure: Losses from Price Ceilings) Refer to the Figure

question 139

Multiple Choice

(Figure: Losses from Price Ceilings) Refer to the figure. At aprice ceiling of $1, the area representing the total value ofwasted time is ________, and the area of the deadweight loss is________.

• A)ab; de
• B)bd; ce
• C)abdf; ce
• D)bc; de

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