-The figure above shows the market for umbrellas in Sunville. When the market for umbrellas in Sunville is in equilibrium, what is the total deadweight loss?
A) $2,000
B) $800
C) $0
D) 600 umbrellas

Question

-The figure above shows the market for umbrellas in Sunville. When the market for umbrellas in Sunville is in equilibrium, what is the total deadweight loss?
A) $2,000 
B) $800 
C) $0 
D) 600 umbrellas

Quizplus · Accepted Answer

In a market equilibrium, there is no deadweight loss because the quantity supplied equals the quantity demanded, and resources are allocated efficiently.

-The Figure Above Shows the Market for Umbrellas in Sunville