Please explain how to find answer.44. Refer to Figure 7-3. What is the value of the deadweight loss as a result of the quota? ANSWER: 5.25M Note:-Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.Answer completely.You will get up vote for sure. Figure 7-3Priceperpound$3.752.752.001.000CBDA10FE181KGHJMN28 34 40US SupplyUS Price with QuotaWorld price (Pw)US DemandQuantity(millions of pounds)

Deadweight loss Cost to society created by market inefficiency when supply and demand are not in…

Answered: Price per pound $3.75 2.75 2.00 1.00 C…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Please explain how to find answer.

44. Refer to Figure 7-3. What is the value of the deadweight loss as a result of the quota? ANSWER: 5.25M

Note:-

Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.
Answer completely.
You will get up vote for sure.

Figure 7-3
Price
per
pound
$3.75
2.75
2.00
1.00
0
C
B
D
A
10
F
E
18
1
K
GH
J
M
N
28 34 40
US Supply
US Price with Quota
World price (Pw)
US Demand
Quantity
(millions of pounds)

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