How to find deadweight loss from a price ceiling on a graph
calculation of a deadweight loss due to a price ceiling on a graph.
Formula:
DWL = 1/2(base*height)
DWL = loss in consumer and producer surplus
DWL = loss in CS+loss in PS
calculation of a deadweight loss due to a price ceiling on a graph.
Formula:
DWL = 1/2(base*height)
DWL = loss in consumer and producer surplus
DWL = loss in CS+loss in PS