The graph below represents the market for lychee nuts.The equilibrium price is $7.00 per bushel, but the market price is $5.00 per bushel.Identify the areas representing consumer surplus, producer surplus, and deadweight loss at the equilibrium price of $7.00 and at the market price of $5.00. 
__________________________________________________________________________________________________________________________________________________________________________________________
Definitions:
Nucleotide Excision Repair
A DNA repair mechanism commonly used to repair a damaged segment of DNA caused by the sun’s ultraviolet radiation or by harmful chemicals.
Incorrectly Paired Nucleotides
Mismatches in the base pairing of DNA strands, which can result in mutations or errors in DNA replication and transcription.
DNA Replication
The process by which a cell duplicates its DNA, making two copies that each new cell will receive one when the cell divides.
Parental Strands
Refers to the original strands of DNA or RNA from which new strands are synthesized during replication.
Q23: A price ceiling is a legally determined
Q42: An online bookseller has created a new
Q60: Refer to Figure 5.3.The value of consumer
Q97: Refer to Figure 5.3.The value of producer
Q166: Refer to Figure 4.1 A perfectly elastic
Q177: Western Vineyards can grow either red wine
Q184: The price elasticity of demand for Kellogg
Q185: A study of the effects of the
Q186: Paul goes to Sportsmart to buy a
Q208: Gertrude Stork's Chocolate Shoppe normally employs 4