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below is question with its answer, plz explain to me in details how we arrived to this answer? i know that they used tribgle area

image text in transcribed

below is question with its answer, plz explain to me in details how we arrived to this answer?

i know that they used tribgle area rule, but how we chose those exact numbers?

image text in transcribed
12. (3 points) Calculate the (i) consumer surplus, (ii) producer surplus, and (iii) deadweight loss if Q = 2 units of the good are produced and the market price is P = 2? (i) cs = 5.5*(4)*2 1 (4:2)*2 = 6 (ii) PS = 0.5*(1-0)*2 + (2-1)*2 = 3 (iii) DWL = 0.5*(4-2)*(41) = 3

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