How to calculate the dead wight loss
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Explanation:
Deadweight Loss = . 5 * (P2 - P1) * (Q1 - Q2)
- How to calculate deadweight loss
- Determine the original price of the product or service.
- Determine the new price of the product or service.
- Find out the product's originally requested quantity.
- Find out the product's new quantity.
- Calculate the deadweight loss.
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