Question: Using the graph below, explain why economic surplus would be smaller if Q1 or Q3 were the quantity produced than if Q2 is the quantity

Using the graph below, explain why economic surplus would be smaller if Q1 or Q3 were the quantity produced than if Q2 is the quantity produced.

Price Supply Demand 0 Q2 Q3 Quantity

Price Supply Demand 0 Q2 Q3 Quantity

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