1. The welfare loss of bystanders at production level Q2 on graph 1 is given by the sum of areas
a. E+S
b. E+F+N+S
c. E+F+J+K+M+N+S+Q
d. E+F+ N+S+Q
2. The welfare loss of consumers, producers and bystanders at production level Q2 on graph 1 is given by the sum of areas
a. Q
b. J+M+Q
c. J+K+M+N+S+Q
d. E+F+ N+S+Q
3. Consumer surplus at production level Q1 on graph 1 is given by the sum of areas
a. A+B+H
b. A+B+C+D
c. A+B+H+G+K
d. A+K+M
4. Producer surplus at production level Q1 on graph 1 is given by the sum of areas
a. C+D
b. C+D+G
c. C+D+G+L
d. D+E+F+J+L+N+S
5. The welfare loss of consumers, producers and bystanders at production level Q2 on graph 1 is given by the sum of areas
a. Q
b. J+M+Q
c. J+K+M+N+S+Q
d. Nome of the areas (No welfare loss).