Deadweight loss
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Intros
Examples
Lessons
- Calculating Deadweight Loss
You have the following information:
Price (dollars per orange)
Quantity demanded (oranges per day)
Quantity supplied (oranges per day)
0
40
0
1
30
5
2
20
10
3
10
15
4
0
20
Suppose the government limits the production of oranges per day to 10. - You have the following information:
Price (dollars per orange)
Quantity demanded (oranges per day)
Quantity supplied (oranges per day)
0
40
0
1
30
10
2
20
20
3
10
30
4
0
40
Suppose the government limits the production of oranges by 10. Find the deadweight loss. - Understanding Source of Market Failures
State which of the following will result in an underproduction, and which will result in an overproduction.- Price & Quantity Control
- Taxes
- Subsidies
- Positive Externalities
- Negative Externalities
- Monopoly
- Due to the exponential growth of the population in planet Earth, more people are using resources such as water, land, air and food. This is an example of _______________.
- Public Good
- Externality
- Common Resource
- Monopoly