← A Level Economics Revision · All Minimum price questions · Home

A-Level Economics · Minimum price diagram question

Which area is the DEADWEIGHT WELFARE LOSS from the floor?

▶ Try it in the game first

The diagram

The answer

The triangle F E B. Trades 3→5 are priced out: buyers valued them above cost — surplus destroyed, triangle pointing at E. Between Q=3 and Q=5 willingness to pay (D) exceeds cost (S), but the floor blocks those trades. Triangle FEB, pointing at equilibrium E, is the loss.

Test yourself properly

This is one of 6 questions on the minimum price diagram — every corner lettered, every wrong answer diagnosed.

▶ Play the minimum price game All questions & answers