4 ms·
That's not quite what deadweight loss is; deadweight loss is when you can produce apples for $1, but a tax induces you to have to sell them for $1.10, preventin
by lalaithion 5y ago
That's not quite what deadweight loss is; deadweight loss is when you can produce apples for $1, but a tax induces you to have to sell them for $1.10, preventing everyone who would be able to buy them at $1.05 from getting apples.
- MrPowers 5y agoI'm using the textbook definition of deadweight loss: https://en.wikipedia.org/wiki/Deadweight_loss https://en.wikipedia.org/wiki/Deadweight_loss
- alisonkisk 5y agoBoth are deadweight loss.