What is the size of the deadweight loss

Reference no: EM132144345

Question: The market supply function is P = 10 + Q and the market demand function is P = 70 - 2Q. What is the size of the deadweight loss (DWL) associated with a minimum floor price of $40? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132144345

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