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1 Taxi drivers' rate price ceiling line graph. The x-axis is labeled quantity, and the y-axis is labeled price. The supply curve is a line
1 Taxi drivers' rate price ceiling line graph. The x-axis is labeled quantity, and the y-axis is labeled price. The supply curve is a line that has an upward slope as it moves from left to right. The demand curve is a line that has a downward slope as it moves from left to right. The demand curve and the supply curve intersect in the middle of the graph. The price ceiling is a horizontal line that intersects with both the supply curve and the demand curve in the bottom half of the graph. All of the regions designated with letters are on the left side of the graph, underneath the demand curve. Region A is the topmost region and is a triangle-shaped area underneath where the demand curve meets the y-axis. Region B is underneath Region A and is a square-shaped area above the price ceiling and to the right of where the price ceiling meets the y-axis. Region C, which is to the right of Region B, is a triangle-shaped area to the left of the intersection of the supply and demand curves. Regions D and E are two triangle-shaped areas underneath the price ceiling that together form a square. The borders of Region D are the price ceiling on top, the y-axis to the left, and the supply curve to the right. Region E is underneath Region D and is to the right of the supply curve. Region F is a rectangle-shaped area underneath the square formed by Regions E and D. Its bottom border is the x-axis and its left border is the y-axis. Assuming that the price ceiling is effective, what regions on the graph represent total surplus and deadweight loss? ( select any one ) A.0 Total surplus is A+B+D+E and deadweight loss is F B.0 Total surplus is A+B+D+E and deadweight loss is C C.0 Total surplus is D+E and deadweight loss is C D.0 Total surplus is A+B+D and deadweight loss is C
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