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).