How to Calculate Deadweight Loss (with a Price Floor) | Think Econ

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!

#dwl #economics #pricefloor

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[ThinkEcon]

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[DeltaAirlines]

Thank you, I had to look all over for a video that explained how to find the quantity floor and finally found this one!

[JessicaMachiavelli]

thank you! I have an exam in 6 hours. using this video as a review guide.

[adultshark]

You're doing the lord's work

[SammyUdijol]

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

[C-ri]

Keep making more videos. Liked and Subscribed and hit the notification bell for Thanks

[laxmimaurya]

Nice and easy explanation!!! Thank you 😊

[dunot]

Thanks! Explained it better than my teacher

[TheOwlTheOne]

Appreciate the help! Great explanation

[Olok]

Thank u for ur work! Could you also provide practice exercises in the end of ur discussions?

[jeanfrancofigallo]

awesome man, great video helping me with economics right now

[nimra]

Make video on how to calculate welfare also

[ni]

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😥

[rraehaneh]

Hello! Sorry if this question sounds stupid but how abt ceiling price? Which part of it is the dwl?

[ajkbox]

Is the producer surplus under the price floor equal to the producer surplus at equilibrium?

[ayeshafaheem]

from where did the supply and demand equations came and what is 5p?

[yousrachouihi]

what would be the new consumer and producer surplus

[Arturo-hcpl]

Is calculating deadweight lost the same think as calculating over and under production?

[ovieomuoreh]

Where did you get 60 from the triangle