DEADWEIGHT LOSS
\dˈɛdwe͡ɪt lˈɒs], \dˈɛdweɪt lˈɒs], \d_ˈɛ_d_w_eɪ_t l_ˈɒ_s]\
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When inefficiency is in the market because of demand and surlus issues. It has a negative impact on society. A triangle is the diagram used to show this demand curve, supply curve, and quantity. This happens when the government takes action like taxes or
By Henry Campbell Black
