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Updated over 15 years ago,
Anyone good at Economics?
Hey guys, anyone out there available to chat for a couple minutes about Economics? I have a problem I'm working on w/ a supply & demand graph. I'm trying to calculate a problem where Quantity demanded=9-P and Quantity Supplied=2 x P. The Price is $3 for equilibrium, but I'm trying to calculate if there is a price ceiling of $0, what will be the deadweight loss?