3.5 Consumer, Producer Surpluses and Deadweight Loss
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Last updated over 2 years ago
4 questions
1
Draw a supply and demand curve; color in consumer and producer surpluses.
Draw a supply and demand curve; color in consumer and producer surpluses.
1
Quickly redraw the above but now with dead weight loss due to a price ceiling.
Quickly redraw the above but now with dead weight loss due to a price ceiling.
1
Quickly redraw the above but now with dead weight loss due to a price floor.
Quickly redraw the above but now with dead weight loss due to a price floor.
1
What is deadweight loss (DWL) and why do economists care?
What is deadweight loss (DWL) and why do economists care?