Given the following diagrams:Q₁= 12 bags.Q₂= 7 bags.Q₃= 19 bags. The market equilibrium price is $46 per bag. The price at pointais $70 per bag. The price at pointcis $10 per bag. The price at pointdis $56 per bag. The price at pointeis $31 per bag. The price at pointfis $67 per bag. The price at pointgis $32 per bag. Apply the formula for the area of a triangle (Area = Base Height) to answer the following questions.

(a) i (b) Efficiency loss from underproduction Price (per bag) a S Efficiency loss from overproduction d a S b b e D Price (per bag) C g Q2 D Q 1 C Quantity (bags) Q1 Quantity (bags)