The Following Questions Refer to the graph below. 
-The value of well-being lost due to under-production of the water-using firm's product is equal to area
Definitions:
Candy Bars
Snack food items made primarily of chocolate and often contain fillers like nuts, caramel, or nougat.
Price Elasticity of Demand
A measure of how much the quantity demanded of a good responds to a change in the price of that good, with elasticity greater than one indicating a high responsiveness.
Performing Arts Theater
A venue dedicated to hosting live performances, such as plays, musicals, and concerts, by artists and performers.
Price Elasticity of Demand
A measure of how much the quantity demanded of a good responds to a change in its price.
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