What would be the amount of deadweight loss

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Question: Supply curve in the market for widgets is given by P = 10 + q and the demand function is given by P = 70 - 2q. If the government promises to buy the widgets for 50 TL and then sell the whole amount it purchases to the public at the maximum price it can charge, what would be the amount of deadweight loss?

Reference no: EM132210283

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