How to Calculate Deadweight Loss (with a Price Floor) | Think Econ
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- čas přidán 29. 06. 2024
- In this video we learn about deadweight loss (DWL) in economics. We talk about what it is, when it occurs, are most importantly, how to calculate it!
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Thank you, I had to look all over for a video that explained how to find the quantity floor and finally found this one!
thanks, u saved my GPA.
Glad I could help!
In fact you are the best. I will like you to make a video on how tax is shared between consumers and producers and also how to calculate it
Keep making more videos. Liked and Subscribed and hit the notification bell for ALLLLL. Thanks
thank you! I have an exam in 6 hours. using this video as a review guide.
Glad to hear it. Good luck on the exam! :)
Appreciate the help! Great explanation
Thank you!
Nice and easy explanation!!! Thank you 😊
You're welcome! I'm glad you enjoyed! :)
Thank you so much you are phenominal.
I love you, sir, respectfully.
Thank you sooo much ❤❤
Awesome video... Was really helpful
I'm glad to hear that!
Blessings Brother appreciate it
Glad it was helpful!
Yeah that's helpful 👍🏻
Glad to hear it!
greate video. thanks man
Glad you found it helpful! :)
awesome man, great video helping me with economics right now
I'm glad you're finding the videos helpful!
Thanks! Explained it better than my teacher
Glad to hear you found it helpful!
Nice 👍👍👍
Make video on how to calculate welfare also
Thank you so much
You're very welcome!
Thank you sir.
You’re welcome
Thank u for ur work! Could you also provide practice exercises in the end of ur discussions?
Absolutely! That’s a great idea!
very helpful
Glad to hear it!
really graet explanation
Thank you!
I need some help. i have a similar example, but i have only given supple and deman equation of the lines. How can i calculate monopsony deadweight loss😥
Hello! Sorry if this question sounds stupid but how abt ceiling price? Which part of it is the dwl?
Not a stupid question at all! We do have a video about price ceilings where I highlight the DWL section on a graph. You should check it out if you get the chance!
What's the link to this video? Having trouble finding it. @@ThinkEcon
czcams.com/video/a2iKaTqgrxs/video.html
from where did the supply and demand equations came and what is 5p?
The supply and demand equations will always be given for the problem, so these are just hypothetical equations to illustrate the steps to solving!
what would be the new consumer and producer surplus
The area of the green and pink sections respectively!
Is calculating deadweight lost the same think as calculating over and under production?
They’re similar, but not the same. DWL occurs any time a market is out of equilibrium. Over and under production are just two possibilities for disequilibrium.
@@ThinkEcon thanks ❤️
Where did you get 60 from the triangle
Great question! It's the height of the DWL triangle. Looking at the Quantity axis it's the difference between 180 and 120. Hope this helps!
what about with price ceiling?
It's the same process, but the DWL would be above the price ceiling!
What if there is a monopoly
How to Calculate DEADWEIGHT LOSS on a Monopoly Graph (THE EASY WAY) | Think Econ
czcams.com/video/ZMxUpGkwCb4/video.html
very helpful
I'm glad to hear that!