Economy, asked by moazzam0999p7fm7b, 5 months ago

what are the determinents of deadweight loss

Answers

Answered by CutieBun01

Answer:

Deadweight loss occurs when supply and demand are not in equilibrium, which leads to market inefficiency. Market inefficiency occurs when goods within the market are either overvalued or undervalued.

Answered by lakshmimandi2248

Explanation:

Mainly used in economics, deadweight loss can be applied to any deficiency caused by an inefficient allocation of resources. Price ceilings, such as price controls and rent controls; price floors, such as minimum wage and living wage laws; and taxation can all potentially create deadweight losses

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