The following figure shows the effect of a price ceiling in the market for yams.The market was initially in equilibrium at price P2 and quantity B.
Figure 10-1 
-In Figure 10-1,the deadweight loss due to a price ceiling set at P1 is area _____.
Definitions:
Incorrect Predictions
refers to forecasts or expectations about future events or trends that ultimately prove to be wrong.
Economic Decision Makers
Economic Decision Makers are individuals or groups, such as consumers, businesses, and governments, that make choices about what to consume, produce, and distribute in an economy.
Economic Theory
A set of principles and concepts that explain the functioning of economies, guiding the analysis of economic policies and practices.
Reality
The state of things as they actually exist, as opposed to an idealistic or notional idea of them.
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