Economics: what is Supply and Demand?

What is a deadweight loss when talking about supply and demand in economics?

  • Answer:

    A deadweight loss is a loss of economic efficiency that can occur when equilibrium for a good or service is not Pareto optimal.

Mario M. at ChaCha Visit the source

Was this solution helpful to you?

Just Added Q & A:

Find solution

For every problem there is a solution! Proved by Solucija.

  • Got an issue and looking for advice?

  • Ask Solucija to search every corner of the Web for help.

  • Get workable solutions and helpful tips in a moment.

Just ask Solucija about an issue you face and immediately get a list of ready solutions, answers and tips from other Internet users. We always provide the most suitable and complete answer to your question at the top, along with a few good alternatives below.