Question: Refer to the diagram and answer the multiple choice question below. Price ($) P2 B C D F D 0 1000 Quantity Compared to the

Refer to the diagram and answer the multiple choice question below.

Refer to the diagram and answer the multiple choice question below. Price ($) P2 B C D F D 0 1000 Quantity Compared to the equilibrium, total surplus decreases by what area(s) if the price is P2? (Note that this area is the deadweight loss caused by a price floor at P2.) OB +C OD+E O A OC+E

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5. It is the needs of the individual that are important.

6. It is what the person has previously done for the group that is the deciding factor.

3. It is the commitment you show that is the deciding factor.